Tax Breaks for Upgrading your Home Comfort System

Are You Eligible for a Home Energy Tax Credit?



Homeowners that installed high efficiency heating and cooling systems between Jan. 1, 2006 and Dec. 31, 2007 may benefit from an unfamiliar tax option saving them up to $500 in tax credits.

The tax credit applies to select energy-efficient home improvement installations. The rebates can be received from a variety of products including:




Insulation systems that reduce heat loss or gain

Metal roofs (must meet Energy Star requirements)

Select heating and cooling equipment

Natural gas furnaces or hot water heaters

Exterior windows (includes skylights and storm windows)

Solar panels or water heating systems


"Filing taxes can be a stressful and time consuming process. Homeowners might overlook some tax credits," said Doyle James, president of Aire Serv Heating and Air Conditioning, Inc. "Not all manufacturers inform their customers about rebate opportunities, so it's important to be aware that you can receive money back from heating and cooling improvements."



Tips this tax season:

Go to the EnergyStar.gov Web site and look under the Energy Policy Act of 2005 to become aware of what home improvements are eligible for a tax credit.

Look for the model numbers on your equipment to refer to qualifying standards.

Visit your manufacturer's Web site; many have lists of models that apply and available forms necessary to submit to the IRS.

Make sure you have a copy of the manufacturer's certification and receipts proving you purchased the improvements to qualify for the rebate.