As technology progresses, and new ways of harnessing more efficient and clean energy sources come about, you may still prefer to stick with the familiar heating system you grew up with. However, some new, more efficient HVAC systems can offer you tax benefits while helping you save energy. Here are all the advantages that a system using renewable energy can bring to your life in Porterville, CA, and the ways you can save.
How Renewable Energy Benefits You
As AltEnergyMag notes, newer HVAC systems may draw power from renewable sources such as solar or geothermal energy, ice, and thermally driven chillers.
There are several ways renewable energy benefits the environment, such as reducing greenhouse gases. Some personal benefits of renewable energy are that it’s cheaper to run, requires less maintenance and produces a vast supply of power. An HVAC that uses renewal energy can also give you direct financial benefits.
With some renewable energy sources, such as solar, you may produce more than you need and can sell it back to the grid. You can also enjoy renewable energy tax credits.
What Are Renewable Energy Tax Credits?
These are federal subsidies that finance the production and investment of renewable energy. With the Consolidated Appropriations Act of 2021, you can claim tax credits for installing and using wind turbines, solar panels, geothermal heat pumps, and dual-fuel cells.
This act expires Dec. 31, 2023, with both existing homes and newly built owner-occupied homes qualifying for the credits. Rental homes do not qualify. Consult with a tax attorney for more details about the tax credits and how you can qualify for them.
How Does Dual-Fuel Help You Earn Tax Credits?
A dual-fuel heating system maximizes comfort and efficiency by pairing a gas furnace with an electric heat pump. The heat pump transfers heat from outside to the furnace and is far more efficient than a furnace. The furnace only kicks in when it’s colder than 35°F.
Why wait longer than you have to reap the benefits of renewable energy? Contact us at ZONE Air & Heating, Inc., today to learn more about our XL16C and XL14C hybrid dual-fuel systems and how their tax benefits can help you save money.
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