This summer is a great time to buy a new, efficient air conditioning system thanks to 2013 tax credits.
Until December 2013, people who purchase high-efficiency air conditioners, as well as heat pumps, will be eligible for a tax credit of up to $300. To receive a tax credit, you must buy a central air conditioning unit or heat pump which meets the highest level of efficiency as listed by the Consortium for Energy Efficiency (CEE). Generally, this means reaching a Seasonal Energy Efficiency Ratio (SEER) of 16. You can only receive the tax credit if you install a new system in a home which is your primary residence at the time of installation. To apply for the incentive, you will need the IRS form 5695.
Efficient air conditioning systems cost more than traditional systems, but the higher your model’s SEER rating, the faster you will be able to recoup on your investment via energy savings. When shopping for a system, look for an EnergyGuide label to determine the air conditioner’s efficiency rating. If you are replacing your old air conditioner with a new one, you must replace the entire system, including the blower fan and inside coil in order to reach the efficiency level listed on the label. Replacing only part of your air conditioning system will not be as efficient.
When you buy an efficient air conditioner, consider maximizing your energy efficiency by also installing a programmable thermostat or one of the new generation of smart programmable thermostats. These devices adjust the temperature in your home based on your family’s specific needs, so that the house warms up to save energy when you are gone, but is cool and comfortable by the time you get home. While more expensive than traditional thermostats, these devices help save energy and money.
For more expert advice about efficient air conditioning systems, 2013 tax credits or other home comfort issues, contact Cox Air Conditioning and Heating. We have been serving Clearwater, Tampa, St. Petersburg, Palm Harbor, Trinity, West Chase and surrounding areas since 1958, and are happy to answer any questions.