2011 Tax Credits

If you thought all the tax credits ended with the year, we’ve got good news. You can still save up to $500 with the new tax credits. Now, when you buy a qualifying furnace, air conditioner or water heater, you can deduct 10% of your installation costs of qualifying equipment, up to a maximum of $500. Plus, when you install a high efficiency furnace or air conditioner, you’ll save on your heating and/or cooling bills all season long. That’s because the new high-efficiency units use less energy, run more quietly, and provide improved indoor air quality and comfort. And by using less energy and improved refrigerants, your new unit is better for the environment. Call Mountain Air for details on how you can save on your utilities AND save some money on the installation costs - (801) 773-7171.

The New 2011 Tax Credits

1. The maximum Tax Credit amount is now $500.00.
   
   
2. The maximum amount on qualifying HVAC is limited to $500.00.
   
   
3. The new credit reinstates lifetime credit limits. This limit is on the total amount of credits a homeowner claimed between 2005 and 2011. That means if you claimed tax credits of $500.00 or more through this allowance, you are unable to claim new credits for improvements in 2011. Be certain to check with your tax advisor as some homeowners may not be eligible to take advantage of the 2011 tax credit.

You may now qualify for tax credits equal to 10% of the costs (up to a $300 limit) for installing a high efficiency central air conditioner, heat pump, or hot water heater. You may also qualify for tax credits equal to 10% of the costs (up to $150 limit) for installing a qualified furnace or hot water boiler. A smaller tax credit of 10% of the installed costs (up to $50 limit) is available for installing a system with an advanced main air circulating fan.

Mountain Air Conditioning and Heating is located at 1805 West Riverdale Rd. in Roy, Utah and provides 24-hour heating and cooling service for Weber, Davis and Morgan Counties.

For more information, call (801) 773-7171.

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