• Posted by: Americool
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There are two main things to know about securing HVAC tax credits in 2024:

1. Qualifying for the Credit:

• The credit applies to upgrades that improve your home’s energy efficiency.
• Common qualifying HVAC improvements include new high-efficiency heat pumps.
• An energy audit can help pinpoint areas for improvement that qualify for the credit.

2. Claiming the Credit:

• There’s no separate application process.
• You claim the credit when you file your taxes for the year the upgrade is installed.
• You’ll need to fill out IRS Form 5695, Residential Energy Credits.

Here are some additional tips to maximize your benefits:

• Consult an HVAC professional to ensure you’re getting a credit-eligible system.
• Consider improvements like high-efficiency windows and doors to further enhance efficiency.
• Check with your utility company for potential rebates on clean energy upgrades.

By following these steps, you can take advantage of HVAC tax credits in 2024 and save money while making your home more energy-efficient.