Your 2015 tax refund can give you years of savings in the future on your electric bills. Romark A/C and Plumbing wants you to spend your tax refund wisely.
According to the IRS, the average tax refund is somewhere in the neighborhood of $3,000 or more. On average, Uncle Sam also owes some type of refund to approximately 70 percent of those filing. Have you thought about how you are going to spend this year’s refund?
Investing in a home improvement such as a new piece of HVAC equipment isn’t just smart; it’s the type of investment that keeps on giving. The government renewed many residential energy efficiency tax credits again through December 31, 2016. Not only can you take advantage of tax credits on your 2016 tax return, energy efficient equipment will pay you back big time in just a few months time.
The following components qualify for up to $500 in 2016 Federal Income Tax Credits:
- Central Air Conditioning
- Gas, Propane or Oil Furnaces and Fans
- Air Source Heat Pumps
- Non-solar Water Heaters
Solar Energy Systems and Geothermal Heat Pumps even qualify for 30% of cost of purchase and installation with no upper limit. All of these products Continue reading →