Save On HVAC Upgrades with The 25C Tax Credit

You may have heard about the Inflation Reduction Act (IRA) which was passed to reduce the effects of US carbon pollution. Brunswick area homeowners who make energy-efficient HVAC, electrical, and plumbing upgrades will benefit from the IRA in the form of tax credits and rebates. In addition to saving money on your energy bills, you can also receive a tax credit of up to $3,200 per year!

The 25C Energy Efficient Home Improvement Tax Credit

Homeowners who make energy-efficient upgrades like heat pumps, energy efficient doors and windows, and heat pump water heaters will be eligible for the tax credit included in the Inflation Reduction Act. The professionals at Hendrix Air can provide you with all the necessary information about available appliance and installation options for any of these energy-efficient options. Give us a call at 912-324-5893 when you’re ready to upgrade.

An extension of the existing 25C tax credit, the Energy Efficient Home Improvement Tax Credit allows homeowners to deduct up to 30% of the cost of certain home improvements, capping at $3,200 per year. Keep in mind that certain requirements must be met in order for new appliance installations or home upgrades to be eligible for the tax credit. You can see full details about how the Energy Efficient Home Improvement Tax Credit works here.

If you are thinking of making energy-saving changes to your home this year, it’s worth exploring the potential tax benefits that come with the Inflation Reduction Act and the Energy Efficient Home Improvement Tax Credit. The experts at Hendrix Air can help determine which energy-efficient upgrades are right for your home and qualify for the tax credit. Call us at 912-324-5893. NOTE: Hendrix Air cannot offer financial or tax advice.

The chart below details which energy efficient appliances and upgrades qualify for tax credit.

Certain improvements must also meet applicable Consortium for Energy Efficiency and Energy Star requirements to be eligible for factoring into your tax credit amount.

IMPORTANT NOTE: The 25C tax credits are not up-front savings; they are factored into your tax credit amount when it’s time to file. Hendrix Air will provide the documentation you need to claim the tax credits when the time comes, but we cannot provide tax filing or financial advice. Please contact an accountant or tax professional if you need help when filing.

25C tax credit eligibility

All Brunswick-area homeowners are eligible for the Energy Efficient Home Improvement Tax Credit. These tax credits can be applied to any new qualifying equipment installed or any upgrades made during the 2023 calendar year.

The annual maximum is $1200 per household per year (not including heat pumps, which cap at $2000), and a total max of $3200. If you’ve been considering making upgrades or improvements to improve your home’s energy efficiency or to save on your energy bills, this is the year to do it! Contact the service professionals at Hendrix Air at 912-324-5893 for help and guidance.

The 25C tax credit can be used annually

The Energy Efficient Home Improvement 25C tax credit resets each tax year. That means these generous benefits can be used year after year for additional qualifying home improvement projects through 2032.

Claiming the 25C tax credit

After the installation of your qualified energy efficient home improvements have been completed, Hendrix Air will provide you with documentation about your qualified upgrades. You will need these documents to claim your tax credits. Call 912-324-5893 today to get the process started.

Estimate your savings

Use this IRA savings estimation calculator to see how much you can save on your taxes through with the 25C tax credits.

A greener and cleaner future

The Inflation Reduction Act was passed to help Americans reduce the environmental impact of our reliance on fossil fuels, to lower our energy bills, and to enable the adoption of cleaner and more efficient energy sources. Brunswick-area homeowners can take advantage of tax credits and cash back rebate incentives to further reduce their expenses by investing in clean and energy efficient appliances and electrical upgrades.

Contributing to a cleaner and more sustainable future also means saving on energy bills; it’s a win for everyone! Consider investing in energy-efficient upgrades and appliances this year. Don’t hesitate to reach out to us at Hendrix Air at 912-324-5893 and learn about how we can help you take advantage of these exciting tax deduction opportunities.

Get started today and save on your 2023 taxes!

It can be overwhelming to even think about starting the process of upgrading your home’s appliances. The trusted professionals at Hendrix Air are here to help you and to answer any questions you might have about the Inflation Reduction Act. From the benefits of energy-efficient upgrades with heat pumps to electrical upgrades to energy efficient plumbing, we are here for you. Contact us at 912-324-5893 today and make an appointment.

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