Federal Tax Credit:

HOME ENERGY EFFICIENCY IMPROVEMENT TAX CREDITS

Consumers who purchase and install specific products, such as energy-efficient heating and cooling equipment in existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements "placed in service" starting January 1, 2009, through December 31, 2010. See EnergyStar.gov's Federal Tax Credits for Energy Efficiency for a complete summary of energy efficiency tax credits available to consumers. A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government.

We can help you choose the right system to take advantage of these tax credits.

Energy Star Rebates from Utility Companies

United Illuminating and Northeast Utilities offer additional incentives for you when you purchase and install an electric central air conditioning or electric heat pump system that meets the required energy efficiency ratings. By getting the most energy-efficient equipment, you use less electricity while lowering your utility bill, and that's good for both you and the environment.

For a limited time new rebates available for high efficiency energy reducing air conditioning unit.