What are the tax benefits of energy efficient appliances?
May 23, 2014
The state and federal government offer incentives to reduce energy usage, mostly in the form of tax credits. The tax regulations vary from year to year, so it is important to consult with a tax specialist when looking at appliance energy tips. In general, you may be able to deduct at least part of the purchase cost of an energy-efficient appliance along with the installation fees on your federal tax return using IRS form 5695.
In addition to the federal tax benefits, some local utility services offer discounts and rebates for switching to more energy-friendly appliances. It is worth a visit to the utility company website to see if they have a program that encourages energy efficiency.
Appliances are a big part of the energy picture. Let us help formulate appliance solutions that fit your needs and put you on the energy-saving fast track. Set up an appointment with one of our energy specialists for an evaluation and visit our website often to keep up to date on appliance energy tips.