Gra-Tac Heating & Cooling Helping You Save On Taxes! Who Knew The Tax Credits Were Back?

By Keith Graff, Gra-Tac Heating & Cooling
Tuesday, February 5th, 2013 1:00 PM CST

A lot of people thought the Tax Credits had gone away, but with the Fiscal Cliff deal that was in the news recently, the Federal Tax Credits came back – retroactively for 2012 and full year 2013.  The best part about all the incentives that are out there, we do the paperwork for the home owners.  These are Tax Credits, not deductions. They are Non-Refundable Tax Credits so the homeowner has to have income to apply it to and it has a lifetime dollar amount cap – so if they used it all on Capitol Windows and Doors they can’t use it again with Gra-Tac Heating and Cooling or vice-versa.

Here are some recent examples.

Furnace Replacement with Duct Repair:

Existing      67.0% AFUE
New             97.0% AFUE

Federal Tax Credit           $(200.00)
Kentucky Tax Credit        $(250.00)
TVA Duct Repair Incentive   $(500.00)
Atmos Gas Furnace Incentive   $(400.00)
Total Savings:                         $(1,350.00)

As well there are Gas Bill Savings every Winter Month… over $200 savings in a year.

Dual Fuel Residential Comfort System with Duct Repair & Floor Insulation:

Existing            9.00 SEER–80.0% AFUE
New         15.00 SEER-9.0 HSPF-96.1% AFUE

Floor          Added R-19 Fiberglass Batts

Federal Tax Credit  $(500.00)

Kentucky Tax Credit $(350.00)

TVA Heat Pump Incentive $(250.00)

TVA Duct Repair Incentive $(250.00)

Atmos Gas Furnace Incentive $(400.00)

Total Savings $(1,750.00)

As well with this system there are Electric and Gas Bill Savings… over $450 savings in a year.

Gra-Tac Heating and Cooling brings that experience and knowledge of the market that no other can to our area. That’s why we are excited to have them join as a partner of Buy Local Bowling Green and contribute this great info. We look forward to working with ‘Gra-Tac Heating & Cooling’ and hope you contact them when you need to make your home have the feeling of comfort every home deserves. Go check them out online or on facebook.

One response to “Gra-Tac Heating & Cooling Helping You Save On Taxes! Who Knew The Tax Credits Were Back?

  1. Pingback: Buy Local Bowling Green: In Case You Missed It “Don’t Get Caught Without A Valentine’s Day Gift Or Reservation” Edition! 5th Week of 2013! | Buy Local BG!

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