You may have heard about the 2023 Inflation Reduction Act (IRA), which provides significant investment in the form of tax credits and rebates for Jacksonville homeowners who upgrade their homes to make them more energy efficient. Some of these upgrades can also lower your energy bill in the long run, so it’s an investment worth looking into.
Homeowners in the Jacksonville area can save a whopping $17,000 in tax credits and rebates through the IRA by making energy efficient HVAC upgrades. This handy savings calculator on Rewiring America’s website can help you estimate how much money you might save on your utility bills. Talk with the HVAC professionals at Snyder Home Services to see what energy-efficient home updates might be right for your home. Give us a call at 904-441-8476.
To start with, certain tax credits are available for Jacksonville homeowners who purchase and install energy-saving upgrades to their homes, such as energy-efficient doors and windows, air conditioners, furnaces, heat pumps, and more.
The Energy Efficient Home Improvement Tax Credit included in the Inflation Reduction Act is an expansion of the 25C tax credit, and it allows homeowners to deduct up to 30% of the cost of certain energy-efficient home improvements, up to $3,200 per year. Check out the list below to see what appliances and upgrades are eligible for this tax credit.
Keep in mind that any new appliances or home upgrades you make need to meet certain requirements in order to qualify for the 25C tax credit.
Find a list of Energy Efficient Home Improvement Tax Credit and eligible appliances here.
The AC professionals at Snyder Home Services are standing by when you decide to invest in energy-efficient home upgrades or replacements. Give us a call at 904-441-8476.
IMPORTANT NOTE: These tax credits will be added to your tax credit amount when you file next year; they are not up-front savings on the purchase of new equipment or appliances. And while Snyder Home Services is happy to provide information on qualifying appliances, we cannot provide any tax or other financial advice. Please contact your tax professional if you need help filing when the time comes.
All homeowners in Jacksonville, FL are eligible for the Energy Efficient Home Improvement Tax Credit. The credit resets each year, which means that it will apply to any qualifying equipment you install or upgrades you make in 2023 and beyond.
Annual caps for these tax credits are $1200 per household per year, or $2000 for upgrade that include heat pumps, with a total annual cap of $3200. If you’ve been considering making any home improvements like these, now is a great time to take advantage of these tax savings! Call Snyder Home Services at 904-441-8476 for advice on products or installation.
Snyder Home Services can provide you with the necessary documentation regarding your new qualified energy efficient upgrades so you can claim your tax credits when you file next year. However, we cannot offer tax or financial advice. Please consult with your accountant or tax professional when the time comes.
Homeowners in Jacksonville, FL can also benefit from rebates that are included in the IRA.
The High Efficiency Electric Home Rebate Act (HEEHRA) can save up to $14,000 per year for low- to moderate-income households that make energy-efficient appliance upgrades. Check the chart below for all the info you need about the HEEHRA rebate program.
Rebates are applied to the purchase the appliance under the HEEHRA program—they are not tax credits.
The other rebate program included in the IRA is the HOMES rebate, which encourages energy savings by reimbursing homeowners for whole-house energy improvements. That means that when you install a heat pump or make electrical upgrades that reduce your energy consumption, you will earn more money back.
With the HOMES program, the more energy you save, the bigger the rebate. Households that reduce energy use by 20%-35% can save $2000 to $8000!
HOMES rebates are available to all households, but the rebate amount is doubled for low- and moderate-income households. In addition, up to 80% of project costs will be covered by the program.
Most of the rebates offered under the Inflation Reduction Act will be available by the end of 2023, depending on DOE regulations and Florida state guidelines. To see if rebates are available when you’re ready to purchase, contact Snyder Home Services at 904-441-8476.
The Inflation Reduction Act was crafted to help control the costs associated with the overuse of fossil fuels, as well as to reduce pollution and promote cleaner energy solutions throughout the United States. Homeowners can ease their energy spending, reduce their tax liability, and receive a financial return when purchasing energy-efficient appliances and other home upgrades.
At Snyder Home Services we are happy to answer all your questions regarding potential home improvements or the Inflation Reduction Act; just give us a call at 904-441-8476.
(A REMINDER: We are not tax professionals and can’t offer financial advice. Please contact your tax preparation professional or the IRS website for help in filing your taxes and claiming any credits.)
If you upgrade your home, you can claim the tax credits included in your IRA on your tax return, which reduces your tax liability. With the 25C tax credit, customers can receive an annual tax incentive of up to $3200 with the IRA. The tax credit can be claimed for both this year and next year if you install a heat pump air conditioning system or a heat pump water heater in your home.
A rebate is a type of upfront savings that is applied at the point of sale. The service provider is responsible for handling the paperwork and processing the rebate.
Rebates will be retroactive at the discretion of each state, according to state energy offices.
HOMES and HEERHA rebates cannot be used for the same upgrade, but they can be combined for separate upgrades, such as upgrading your water heater with HEERHA and upgrading your heat pump with HOMES.
Inflation Reduction Act tax credits can still be claimed while getting HEEHRA and HOMES rebates.
Whether you need heat pumps, electrical upgrades, energy efficient plumbing, or any other type of inflation reduction act incentive, Snyder Home Services’ trusted experts in Jacksonville, FL know all the ins and outs of the Inflation Reduction Act incentives and can provide you with all the information you need to apply for the tax credits or rebates you qualify for. Call us today at 904-441-8476 to schedule an appointment or ask any questions.
When you need services, trust the experts at Metro Air Heating & Cooling. Our technicians have the skills, knowledge, and tools to fix most problems on the spot.
When your Metro Air Heating & Cooling technician arrives at your home they will explain all of your options before starting repairs so you can make informed decisions before any work begins. We service and repair most brands of equipment, so you can trust us to perform a professional job.
We’re not happy until you’re happy.
Still have questions? Contact Us for all your questions!
Metro Air Heating & Cooling is Proudly & Professionally Offering Services in the Prior Lake, Minnesota area.
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Even if you think there’s nothing wrong with your prevention system, there could still be an unseen problem that may worsen over time. Wear and tear from normal use or even from enduring severe weather can cause certain parts of your prevention system to break down, at which point you will need a Metro Air Heating & Cooling professional to replace your current prevention device with a new one. There are several signs of a faulty or worn-out prevention device that you can watch for in your Prior Lake, MN home, including:
Frequent water leaks in your Prior Lake, MN home indicate some kind of failure or malfunction with your prevention device, which needs to be addressed and repaired as soon as possible. Your prevention device will wear out over time, and any rubber parts may crack or shift, leading to water leaks. If you do not have Metro Air Heating & Cooling repair your prevention device, you could be facing long-term plumbing damage.
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When a prevention system breaks down or wears out, it will inevitably lead to your home’s clean water supply becoming contaminated. This can result in dirty water coming out of your Prior Lake, MN home’s fixtures. If you notice water with a pink, yellow, or brown tint coming out of your taps, or water with rust particles or sediment, you need to contact Metro Air Heating & Cooling immediately for emergency plumbing services. Do not drink any cloudy or discolored water, and always have a Metro Air Heating & Cooling expert inspect your water supply if you suspect it has become contaminated.
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If your drinking water starts to develop a bad taste, it can indicate that your water has become contaminated. When a prevention device stops working properly, it allows for contaminated water to enter your Prior Lake, MN home’s water supply, which can cause severe illness if consumed. Contact the Metro Air Heating & Cooling professionals immediately for emergency plumbing services, and do not drink the contaminated water from your fixtures.
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If you notice any of the above signs in your Prior Lake, MN home, avoid using your water to the best of your ability, as it is likely contaminated. The team of experts at Metro Air Heating & Cooling will be able to identify the problem with your prevention device, and will then recommend the repairs or replacements that are necessary for your home to enjoy fresh, clean water once again. You can contact the professionals at Metro Air Heating & Cooling by calling (952) 592-9053, or by scheduling an appointment online.
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Now that you know more about the different types of backflow prevention devices, you can discuss the best option for your Prior Lake home with a Metro Air Heating & Cooling professional. They will help you to make an informed decision based on your unique wastewater needs. When you are ready to install a new backflow prevention device, contact the team of plumbing experts at Metro Air Heating & Cooling by calling (952) 592-9053, or by booking an appointment online.