HVAC Tax Credits New Jersey
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Understanding HVAC Tax Credits New Jersey
HVAC tax credits New Jersey offer homeowners a powerful incentive to upgrade heating and cooling systems. By installing ENERGY STAR?qualified furnaces, heat pumps, or air conditioning units, you can qualify for up to $2,000 in federal tax credits and additional state rebates. These credits not only reduce your tax liability but also improve indoor air quality and lower utility bills.
To qualify, the system must meet specific efficiency criteria set by the U.S. Department of Energy and New Jersey’s Department of Environmental Protection. Once you purchase the equipment, you’ll file IRS Form 5695 and keep receipts to claim the credit when filing your state and federal tax returns.
Many homeowners overlook these incentives. Working with a certified HVAC contractor ensures that you meet all compliance requirements and receive the maximum benefit.