When you invest in a new air conditioning unit, you may realize more benefits than simply enjoying a cool and comfortable home this summer. The professionals at Elite Climate Control want you to know that by choosing an energy efficient unit, you may be eligible for 2013 tax credits. If you are a Victorville resident or a High Desert business owner, you will want to choose a unit that has a SEER value of at least 16 or higher for a split system or a 14 or higher for a package HVAC system. This ensures your eligibility for these tax credits.
HVAC Information Needed
Save your receipt for your new air conditioning unit. You will need to prove to the IRS that you purchased your air conditioner in 2013. You may want to save any service-related receipts for your unit as well, just in case further documentation is required. Note that your receipt is considered to be your proof of purchase, and it is essential to getting your tax credit.
Locate the Manufacturer’s Certification Statement that came with your unit. This is a signed document from the manufacturer of the air conditioner that confirms the unit is eligible for the tax credit. This document does not need to be filed in order for you to get the tax credit, but it is a good idea to save it just in case. The Manufacturer’s Certification Statement will more than likely be found on the manufacturer website. If you can’t locate it there, contact your HVAC service provider to help you find a copy of the certification.
Filing for your Tax Credit
When you file your taxes, include Form 5695. This is the specific tax form that you will need to fill out in order to earn your air conditioning unit’s tax credit. If you have any questions regarding Form 5695, it’s important to speak with an IRS customer service representative or talk with your accountant. These professionals can help you complete the form so you can successfully file your tax credit.
Don’t forget to talk with your HVAC professional. Your service professional works with air conditioning units every day that qualify for the 2013 tax credits. Don’t be afraid to ask the contractor about these tax credits, and also see if you qualify for any rebates.
At Elite Climate Control, we provide our customers with a wide range of options for their air conditioning units. You are free to choose a unit that will not only save you money each month on your utility bills but also provide you with some tax incentives along the way. With the savings you will realize from investing in a new unit, your air conditioner will quickly pay for itself.