• Home 
• About Us
• Horizon News

Tax Credit For Energy Efficient Home Improvements Ends on 12/31/10

HURRY! You must have your energy efficient home improvements INSTALLED by 12/31/10 to qualify for the $1500 tax credit!

Time is Running Out to Grab $1500 Energy Tax Credit!

FOR IMMEDIATE RELEASE

(WILMINGTON, DE ; October 15, 2010) — Horizon Services, Inc. – the premier plumbing, heating and air conditioning services and equipment installation company serving Delaware, Southeast Pennsylvania and Maryland — reminds all Delaware Valley residents that the U.S. Government’s $1,500 Residential Energy Efficiency Tax Credit is set to expire at the end of the year on December 31, 2010.

The popular tax credit was part of the federal government’s $787 billion American Recovery and Reinvestment Act, signed into law by President Barack Obama in 2009. The incentive was designed to spur more installations of energy-efficient items such as windows, doors, boilers, furnaces, air conditioners, heat pumps, water heaters and insulation.

To date, thousands of homeowners nationwide have taken advantage of the tax credit to not only save money on their tax bills, but to reduce their monthly utility costs and to be environmentally-conscious. But for those homeowners who have procrastinated making these energy efficient home improvements, the clock is rapidly ticking.

“We are urging all homeowners who want to qualify for the up to $1,500 in tax credits to come off the sidelines and act now,” said Mark Aitken, co-owner of Horizon Services. “At present, it is highly unlikely that Congress will extend the credits another year, so on December 31 we will probably be saying good-bye to tax credits for quite some time.”

But there’s another reason why time is of the essence.

“It’s not enough to simply purchase your energy-efficient home improvement by December 31,” said Aitken. “Your home improvement needs to be completed, installed and in service by the deadline to qualify. So if you’ve been thinking that you could wait until the last minute to purchase a new furnace or air conditioner or to replace that old water heater and install it next year, guess again. The last minute may be too late.”

In addition to the tax savings, Aitken says that making energy-efficient home improvements offers other benefits.

“Investing in a new, energy-efficient HVAC system — heating or air conditioning — can significantly save homeowners money from day one,” said Aitken. “Heating and cooling equipment prices are at their lowest in years. Manufacturers continue to offer great discounts and rebates. Plus today’s HVAC systems cost much less to heat and cool your home in comparison to those made just 10 years ago. And when you consider that utility rates and fuel costs are expected to rise this winter and in the years ahead, you can’t go wrong by upgrading your heater or air conditioner NOW.”

And what if you do procrastinate? Aitken reminds homeowners that Horizon Services offers next-day installation of HVAC systems in most cases. But in these final weeks, Horizon’s schedule of both sales and installation appointments has been filling up as more homeowners try to slip in under the tax credit deadline.

To avoid the last minute customer surge and to make certain that you don’t get shut out of the tax credits, consumers should call Horizon Services as soon as possible to set up a FREE In-Home Energy Analysis. During this no-obligation consultation, you can meet with an experienced Horizon Services Comfort Consultant to assess your energy consumption patterns and determine the ideal heating and/or air conditioning system for your energy-efficiency, budgetary and comfort needs. As well, your Horizon Services Comfort Consultant can review all the details and answer all your questions about the federal tax credit.

Energy Efficiency Tax Credit Overview

The American Recovery and Reinvestment Act offers up to $1,500 in federal tax credits for qualified, energy-efficient home improvements.

• Tax Credit: 30% of cost of the home improvement, up to $1,500
• Must be on an existing home & your principal residence.  New construction and rental homes don’t qualify for the tax credit.
• Tax credit must be claimed on your 2010 taxes.
• Expiration Date: December 31, 2010. Equipment must be “placed in service” in 2010. 

Eligible Products for the $1,500 Energy Efficiency Tax Credit Include:

• Windows, doors, roofing
• Biomass stoves 
• Air source heat pumps
• Central air conditioning.
• Gas, propane or oil hot water boilers.
• Natural gas or propane furnaces.
• Insulation (including batts, rolls, blow-in fibers, rigid boards and expanding spray products).

Useful Links:

• Federal Tax Credits for Consumer Energy Efficiency
• Recovery.gov
• The Tax Incentives Assistance Project (TIAP)
• Energy Savers: Tax Credits for Energy Efficiency
• I.R.S. – Energy Incentives for Individuals in the American Recovery and Reinvestment Act
   

Related Information from Horizon Services…

• Federal Tax Credits for Consumer Energy Efficiency Extended Through 2010
• Home Energy-Efficiency Tax Credits Explained
• Obama’s Stimulus Plan Means New Tax Credits for Heating and Cooling
• 101 Ways to Save Energy and Money in Your Home
• Cutting Edge Solutions For Energy Efficiency
• Heat Pumps Can Maximize Your Heating and Cooling Efficiency and Comfort!
• Green Your Home…Reduce Your Carbon Footprint
• Horizon Heating & Air Conditioning Installation and Replacement

About Horizon Services, Inc.:

Horizon Services is the Delaware Valley’s leading plumbing, heating, air conditioning, drain cleaning and sewer & water line replacement services company, providing repair, maintenance, sales and installation to homeowners and businesses in Delaware (New Castle County, Kent County), Pennsylvania (Delaware County, Chester County, Montgomery County, The Main Line) and Maryland (Cecil County). Horizon Services is headquartered in Wilmington, DE with additional offices in Audubon, PA. Website: http://www.horizonservicesinc.com.

Media Contact:
Frank Iacono
(302) 221-3511

###