It’s time to update your HVAC system, here’s why:

Today is the Summer Solstice sparking the first day of summer. Nearly half of all energy bills are a direct result of heating and cooling consumption. With the summer heat ready to peak, consider updating or replacing your HVAC cooling system with high-efficiency systems. If you own commercial or residential properties, you may be able to offset the costs with the 179D Energy Efficiency Tax Credit and 45L Energy Efficient Home Tax Credit!

Today's air conditioners use up to 40% less energy while producing the same amount of cooling as those made just 10 years ago. The 179D tax deduction will not only offset the costs of your HVAC system replacement but you'll also significantly reduce your energy bill as well.

What is the 179D EPAct Tax Deduction?

The 179D certification calculates the tax deduction achieved from the installation of energy-efficient assets. The deduction ranges between $0.60/sq. ft. and $1.80/sq. ft. for energy efficient lighting (i.e., reductions in lighting power density levels), HVAC systems and the building envelope. ETS has provided thousands of the highest quality energy tax certifications across the country since 2005. We offer a measurable dynamic to increase your return on investment & improve efficiencies – all with the goal of reducing operating expenses & obtaining tax deductions or credits that you deserve.

Furthermore, if you are a developer of residential property and are updating/installing cooling systems then you may qualify for the 45L Energy Efficient Home Credit. The dwelling unit’s heating and cooling system energy consumption is used to determine the requirements for the tax credit; however, many factors play a key role.

More about the 45L Energy Efficiency Home Tax Credit

The 45L Home Tax Credit equates to $2,000 per unit for energy efficient residential or multi-family properties, 3 stories or less. Both new construction as well as renovations qualify if the efficiency levels are met, and the credit can be taken by the property owner, contractor, or developer of property completed within the past three years.

Contact ETS for more information or click here for a complimentary benefit analysis.


Engineered Tax Services

Engineered Tax Services

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