Tax credits can lower your tax bill dollar for dollar. There are 44 days from today (November 17, 2009) to get a tax credit for 2009.
If you are considering replacing your air conditioning by spring of next year consider moving the schedule up to 2009 so you can get the tax credit for 2009. There is 15% of cost to replace tax credit up to $1500.00 of qualified air conditioning equipment or a total 15% tax credit for a geothermal air conditioning system. Here in Jacksonville the preferred air conditioning system is an electrical heat pump. Hence, $1500.00 tax credit is the max for most units.
Upgrading your air conditioning to qualified tax credit equipment makes cents because you get tax credit and you also will save up 30% on your electric bill.
Fortunately, if you can delay your replacement unit until late 2010 the tax credit will still be available for the 2010 tax year.
Here is an article to help you make other tax wise decisions for 2009, 10 ways to lower your 2009 Taxes
If you would like a free estimate for qualified tax credit equipment call our office 904 714-3875.