Those Restored Energy Tax Credits Will Soon Be Retired–Take Advantage While You Can
Last January, the U.S. Congress reinstated federal energy tax credits to help stimulate the sluggish economy. Consumers who purchase high-efficiency HVAC equipment and energy-saving products between Jan. 1, 2012 and Dec. 31, 2013 are eligible for energy tax credits for up to 10 percent of the cost of the system or product, with certain caps for each product. The energy tax credits range from $50 to $300, and the total of multiple credits can’t exceed $500.