Energy Tax Credits Are Back On: Additional Tax Savings When Upgrading HVAC Equipment

If your home has older HVAC equipment that does not meet current energy-efficiency standards, at some point you’re going to need to upgrade to higher-efficiency equipment. Legislation President Obama signed on Jan. 2, 2013 to avoid the “fiscal cliff” includes reinstatement of federal energy tax credits for residential energy-efficiency improvements that lapsed at the end of 2011. This makes many …