TAX CREDIT
Energy Tax Credit Summary
The 2011 Energy Tax Credit
homeowners may be eligible for a tax credit if they purchase certain types of heating, ventilation and air conditioning (HVAC) systems consisting of select energy-related improvements to their homes in 2011.
Now is the time ! the perfect opportunity to upgrade your home with an High efficiency heating and cooling system plus get a major tax break as well !
Call now for more details: TOLL FREE 1-866-999-COOL (2665)
ABOUT THE TAX CREDIT
What’s the difference between a tax credit and a tax deduction?
A tax credit reduces the amount of income tax you have to pay. For example, if you owe $800 in taxes and have a $300 tax credit, then you will only owe $500. Or if you owe nothing, you’ll get a $300 refund. This is only applicable to taxpayers – if you do not pay tax at all, you are not eligible for a tax credit.
A tax deduction reduces the amount of income subject to tax. For example, if your taxable income is $25,000 and you have a $500 tax deduction, your taxable income would be reduced to $24,500. See the Energystar.gov FAQ for more information.
Am I still eligible to get instant rebates from Universal Air & Heat & it’s affiliates?
Yes! You can still claim manufacturer rebates and FPL rebates in conjunction with your Federal Tax Credits and get INSTANT savings, as well as money off your taxes at the end of the year.
How do I claim the tax credit?
The IRS has directed taxpayers to use Form 5695 to claim the credit. After Universal Air & Heat installs your new air conditioning and heating system,you will need your invoice with model and serial numbers as well as an ARI Certificate witch can be retrieved at www.ari.org so you or your accountant will be prepared to claim your tax credit.
What is the amount of the new tax credit?
For the qualified home improvements, homeowners may be able to claim tax credits up to 300.00.
Does the tax credit apply to the cost of the equipment or equipment plus labor?
Yes, the credit applies to the installed costs of the qualified equipment, which includes labor.
QUALIFYING FOR THE TAX CREDIT
What can I do take advantage of the new energy tax incentives?
Homeowners can receive a substantial tax credit for home efficiency improvements on new high efficient air conditioners, heat pumps, furnaces, boilers and water heaters. Additionally, new high efficiency windows and additional home insulation qualify.
How do I know which specific equipment or improvements qualify for the tax credits?
There are a wide range of products available that qualify for the full tax credits. set up an appointment for a FREE consultation with a Universal Air & Heat Consultant who will review all the options available to you. Or call Universal Air & Heat 1-866-999-2665
Can I claim the credit for improvements on a second home?
No. The tax credit is only available for improvement to the taxpayer’s primary residence.
Can modular or mobile homeowners qualify?
Yes. As long as the improvements meet the qualifying criteria and the homeowner’s primary residence they may claim the tax credit.
For a FREE consultation on energy-efficient heating and cooling equipment for your home, call Universal Air & Heat to start saving now 1-866-999-2665
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