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Federal Energy Credits for 2014

At the time of this writing, there are NO federal energy credits for 2014. Your utility company, city or state may offer rebates, however, when you purchase and install energy-efficient heating and air conditioning equipment.

The American Taxpayer Relief Act of 2012

This bill was passed by Congress as part of the “fiscal cliff” negotiations. It provided tax credits for 2012 and 2013 of $50-$500 on the purchase and installation of energy efficient components, Energy Star windows and doors, insulation, solar panels and more.

Components covered included geothermal heat pumps and energy efficient air-source heat pumps, gas furnaces, central air conditioners and boilers.

If the federal energy credits are extended into 2014, we’ll let you know right here.

Local Credits and Rebates

While Congress may not help, your local utility company, your state or even the city in which you live might provide you with a significant rebate for choosing an energy efficient HVAC component or system.

For more information, contact your energy company directly. If you have already chosen a qualified contractor, they should know too.

The website lists most of these rebates. You can search by state.

For example, in California, the state is offering rebates on installation of solar energy and energy-efficient furnaces, ACs, heat pumps, windows and more.

Cities offering financial incentives include Burbank, San Francisco, Palm Desert, San Diego and San Bernardino. Dozens of utility companies are offering rebates for residential and business upgrades.

You’ll find programs in every state, so it’s worth seeing what is available where you live.

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