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I regret for my mom that her AC died in 2020! The HVAC guy mentioned the mini-splits, but as she already has ductwork, it didn't seem economical at that point, I guess labor being a big factor.
I remember heat pumps coming up in the discussion, and I can't recall why she didn't opt for that. I suppose now even in the US natural gas prices must be increasing, now that there are a lot of LNG exports to Europe. Oh well, she isn't going to change it now, after just two years.
I just installed a mini split in my home. I also had ductwork but the mini split allows me to heat and cool one or two rooms instead the whole house. Long term that savings will pay back in terms of lower operating cost. Several times a year we have serious smoke from local fires and I did upgrade the filter in that old system and during those times I run the fan on slow speed as a whole house air air quality improvement..
I looked into it. It is a non refundable credit, but supposedly can be carried forward if you can't use it all in the first year.She's a frickin' liar that's why. Gleeful that energy costs are soaring, telling people to go by a $60k EV when we can't afford half that
It is that 30% tax credit, which by the way if I'm not mistaken is not 100% refundable so most people won't see that 30% back on their tax return in 23, though I think what's left can roll to 24 (maybe further if needed?).
At best, her answer is misleading.
These self-promoting officials are scum. They are referring to the "Inflation Reduction" act of 2022, but in truth, the tax credit simply went from 26% to 30%. Bottom line: They are liars, desperately trying to spin a story to make themselves seem effective.
Any solar purchase qualifies. It doesn't have to be a new system. Even someone without any panels, who simply wants a grid battery backup, qualifies for the credit. A warning: you need a tax liability to offset the credit.
I hope you’re right. My fifth wheel was a pricey build but eligible for a tax credit. Had it been on a class a Rv May have been eligible, but not on a trailer.
That's this year. Next year they go from 22% to 30%. The year after that they go from 0% to 30%. Seems pretty effective to me, as it means a larger tax credit for my planned upgrades. I got the 30% tax credit on my DIY system in 2010. Panel prices have dropped nearly 75% from what I paid then.
