Tax Credits & Utility Rebates

Please Note: The intent of this page is to provide only a summary of promotions, rebates, incentives and tax credits that may be available. This may not be a complete list. These programs may change without notice. To understand how rebates and tax credits may apply to your particular situation, you should consult a tax professional. For more information on qualifying equipment and current programs, please contact a Goff HVAC & Solar Energy representative for a free evaluation.

UTILITY COMPANY REBATES & CREDITS

Cash Rebates On Qualifying High-Efficiency Systems

Local utility companies are offering incentives to invest in Energy Star certified heat pumps and air conditioners.  These high-efficiency systems can have huge benefits…both in the comfort of your home and your pocketbook.  Most utility company rebates require systems of 15.00 SEER and higher. 

Professional installation and certification is required to be eligible to receive these rebates.

Goff HVAC & Solar Energy will supply homeowners with the necessary paperwork for all companies that we are registered with.  These will include rebate forms, a paid invoice, heat load calculations and an AHRI certificate.  Rebates are on a first-come, first-served basis and cannot be guaranteed by Goff HVAC & Solar Energy.  Programs may change without notice.

For more information on these rebate offers, call us at 1-800-417-GOFF or visit one of these informational sites.  This may not be a complete list of offers.

TAX CREDITS

Federal Solar Electric Tax Credit Summary

Note: The Consolidated Appropriations Act, signed in December 2015, extended the expiration date for PV and solar thermal technologies, and introduced a gradual step down in the credit value for these technologies. The credit for all other technologies expired at the end of 2016.

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below.

Solar-electric property:

  • 30% for systems placed in service by 12/31/2019
  • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
  • 22% for systems placed in service after 12/31/2020 and before 01/01/2022
  • There is no maximum credit for systems placed in service after 2008.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.
  • The home served by the system does not have to be the taxpayer’s principal residence.

You can learn more about the Residential Renewable Energy Tax Cut here.