How You Can Benefit From the Inflation Reduction Act By Utilizing Your Heating and Cooling System

How You Can Benefit From the Inflation Reduction Act By Utilizing Your Heating and Cooling System

In August of 2022, President Biden signed into law the Inflation Reduction Act. While many people are aware of this Act, there are not many who are aware of the tax benefits and how they can earn money back from the Energy Efficient Home Improvement Credit. At Quality Air Experts, we are committed to providing expert air conditioning and heating repair and installation services for Northern Virginia. We also do everything we can to provide expert advice to help improve the lives of our clients, so here is a quick summary of the Inflation Reduction Act and how you can benefit from this legislation!


What is the Inflation Reduction Act?

The Inflation Reduction Act is a sweeping piece of legislation that aims to provide tax changes for individuals and businesses to encourage a more energy-efficient lifestyle amid other goals. In many cases, this means tax breaks for electric vehicle purchases, home energy improvements, and tax incentives to encourage businesses to improve their energy usage. This includes a home tax credit for homeowners who choose to improve the energy efficiency of their houses. This portion of the Inflation Reduction Act is called the Energy Efficient Home Improvement Credit.

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The Energy Efficient Home Improvement Credit

Starting in 2023 and continuing until 2032, the federal government will provide tax credits equal to 30% of the cost of energy efficiency improvements for homes all over the United States. This includes new windows that meet the Energy Star most efficient ratings, getting an energy home audit, improved energy equipment such as air conditioners and heaters, and improved equipment like biomass stoves and boilers. If you are interested in benefits from this tax credit, reach out to us today for installation of your new, more energy-efficient heating and air conditioning equipment!

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Who Can Benefit

The Inflation Reduction Act makes sure that anyone who owns a home in America is able to benefit from these tax credits. Whether you install a new water heater, new air conditioner, or even improve the energy efficiency of your business, you are able to earn up to $1,200 dollars back on your taxes every year until 2032. So, if you think that you would like to install new energy-efficient furnaces, heaters, or air conditioners, reach out to Quality Air Experts today for some of the best services in Northern Virginia.

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How to Benefit

As mentioned above, homeowners can benefit from installing new energy-efficient equipment in their homes, but what kind of equipment qualifies for these tax credits? When it comes to windows, these new pieces of equipment have to meet the highest Energy Star standards possible. When it comes to new heating and air conditioning systems, the standards vary depending on the piece of equipment. Essentially, the new installation must be electrically operated and super efficient when it comes to electricity usage. Don’t feel like installing new equipment? That’s ok! You can get a $150 credit for simply getting an energy audit done on your home.

Whatever you decide to do, if you decide to do anything, Quality Air Experts are ready to provide you with some of the best heating and cooling installation and repair services in Northern Virginia. Whether you are installing an electric water heater or a new AC unit, we can help! If you are looking to benefit from the Inflation Reduction Act and the Energy Efficient Home Improvement Credit, reach out to us today. We can help answer any questions you may have and help you choose the right equipment for your home so that you not only get the tax credit, but also own an energy-efficient home you can be proud of.

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