Let’s talk tax credits. Keep in mind as a general rule of thumb. To qualify for a tax credit your new purchase must state that is energy-star certified. What this generally means is that your model of motor bearing equipment used significantly less energy than comparable models, but the same or better results.
To put it in other words this type of equipment uses less energy better for the environment, and saves you money on your utility bills.
Manufacturer's Certification Statement: This is a signed certified statement by the manufacturer reading that the product qualifies for a tax credit. These statements or certifications can be obtained on the following websites based on the products that we install. It would be in your best interest to obtain one for your records. Also when applying for your tax credit.
Please bear in mind also that tax credits qualify only for new equipment in existing homes. That means no new construction or rentals. Now, all this being said, most energy star equipment tops out at about $300-$500 in credits. Once your new equipment is installed, you will need to fill out IRS tax form 5695 Here. It’s a standard IRS form and fairly easy to fill out. You will need your model information here as well. That information is on your instruction packet and model information that we provided to you when we installed your equipment. These credits will go against anything that you owe, if any. If you owe less than the credit, then you are due a refund!