Items filtered by date: December 2019

1320335600geothermiebryant ckDid you know that you can get renewable energy tax credits right now for getting a geothermal system? These tax credits won't be around much longer and decrease the longer you wait. Systems put into service from now until January 1, 2021 get a 26% tax credit and systems placed into service between December 31, 2020 and January 1, 2022 get a 22% tax credit. Placed into service means the unit is installed and running in the home. Let's look at the fine print. 
Geothermal Tax Credit Fine Print
There are a few things to know about the geothermal tax credit. First, the credit includes the cost of installation and can be used for a new construction home or an existing home. This tax credit is good for your primary residence and secondary residence but not any kind of rental property. To qualify, the geothermal heat pump system you choose must meet Energy Star requirements at the time it's purchased. In fact, all Energy Star certified geothermal heat pumps qualify for this tax credit. Water-to-water geothermal systems also qualify for this tax credit. 
What is Geothermal Energy, Anyway? 
Geothermal energy is energy harnessed from below the earth for heating, cooling and often, hot water too. There are a couple of types but both involve burying a pipe deep into the ground to harness that energy from the earth. By using the earth's natural heat and energy to heat and cool your home, you reduce your carbon emissions to near zero and help the environment while saving money on a renewable energy system. 
How to Claim the Renewable Energy Tax Credit
Once you've had your system installed and working, you can file for your tax credit the next time you file your federal income taxes. You'll need to use Form 5695 from the IRS and include it with your tax filing to get your tax credit. For more information, check with your tax preparation specialist or the IRS. 

If you're ready to explore having a geothermal heat pump installed for your home, call Carolina Comfort Systems. We'll explain your options and walk you through the process to ensure you can take advantage of the great tax credit available right now.

Published in Blog
Monday, 27 January 2020 14:55

Signs You Might Need a New HVAC

iStock 1152020644If you think your HVAC isn't working like it should or like it used to, you might be due for an HVAC replacement. How can you tell? We've got a list of the signs you might need a new HVAC system. 
1. Loud Noises - HVAC systems normally get louder with age but some loud noises are a signal that your HVAC is reaching the end of its lifespan. Noises to listen for include: blower humming louder, furnace banging, noise before the AC starts up and loud noises coming from the outdoor unit. 
2. More Frequent Repairs - When the costs of repairs and parts start adding up, it's time to consider replacing the unit. This is especially true if the coil, motor or compressor goes out. In those cases, it makes more sense financially to replace the unit than to continue to pay for costly repairs to the existing unit. 
3. Increasing Running Time - If you've noticed your HVAC has been kicking on more often and/or it runs for much longer to reach the desired temperature, this increased running time indicates the system is starting to wear out and needs to be replaced. 
4. Your HVAC is More than 10 Years Old - The average lifespan of an HVAC system is about 10 years. If you have been very diligent with regular maintenance, you might get a couple more years out of the unit than average. In many cases, beyond 10 years you will start to have major system repairs needed that make more sense to replace the unit. Plus, the technology from 10 years ago is nowhere close to the technology we have today in terms of energy efficiency and cost savings. 
5. You Haven't Kept Up With Maintenance - If you haven't been keeping up with regular maintenance and servicing, your system could be a serious emergency waiting to happen. Frayed or worn wires and conduits are a fire hazard. Without having had regular consistent maintenance and service, your system could also have a bunch of small problems that will add up to a major breakdown. 

Buying a new HVAC system is a major expense but can often be worth it rather than fixing lots of problems along the way that add up to a big repair bill. These are some of the signs to watch and listen for to help you tell when it is time to replace your HVAC system.

Published in Blog