OUR COMMITMENT

Commitment to Conservation

At Soundview, we are committed to doing everything we can to help you reduce your impact on the environment without sacrificing quality or comfort.
You’ll have the peace-of mind that goes with knowing you are making an effort to be a responsible steward of the planet. We recycle used equipment whenever possible to reduce its impact on our environment.
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Expanded Tax Credits for
Energy-Efficient Appliancesf
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ENERGY STAR
Retail Partner
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Value Plus Planned Service
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Soundview Commitment to
Recycle
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Air Conditioning Contractors of
America
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PEACE OF MIND GUARANTEESExpanded Tax Credits for Energy-Efficient Appliances

Let’s face it, a lot was going on in 2022, so it’s no surprise that you need to be more up-to-date on the Inflation Reduction Act (IRA) and how it affects the HVAC industry. We’re disappointed that you didn’t think it was important enough to follow, but we’ll let that slide this time.

PEACE OF MIND Expanded Tax Credits

To ensure our loyal customers are up-to-date on what the IRA and other HVAC-specific legislation mean, we’re going to go over the bill’s goals, and what it can mean for you in 2023.

Introducing the Inflation Reduction Act
In August of 2022, President Biden signed the Inflation Reduction Act, which includes provisions for lowering the price of prescription drugs, the extension of certain aspects of the Affordable Care Act, and significant climate protection funding.

This bill also provides funding for programs that allow the federal government to offer specific tax credits and rebates for installing new or upgrading existing HVAC equipment. The most significant rebates are for homes that install multi-zone mini-split heat pump systems. Still, there are provisions for things like electrical circuit boxes and wiring upgrades that may also allow you to qualify.

What is a Federal Energy Tax Credit?

The Federal Energy Tax Credit is a specified amount that the homeowner can subtract from the taxes owed to the IRS to help offset the cost of HVAC improvements. If for 2022, you owed 3,500 in Federal tax, but you spent $5,400 in making upgrades to your climate control systems, you would be entitled to a $1,900 refund.

Tax credits, however, are different from rebates, as a tax credit may never materialize into an actual check. In contrast, rebates are where actual cash payments are made directly to the homeowner. Many of these tax credits and all the rebates have extremely specific qualifications and are intended to be used in lower- to moderate-income neighborhoods.

To file for an energy tax credit, you must complete and file an IRS form 5695 with your tax return. Since this is a tax credit, please don’t consider it a refund. You won’t be getting this money back, but it will be deducted from the taxes you owe for that year.

How Does a Federal Energy Tax Credit Work?
There are two types of residential energy tax credits: residential and non-business. Residential tax credits include solar, wind, geothermal, and fuel-cell technologies, such as solar panels, solar-powered water heaters, and geothermal heat pumps. Non-business tax credits cover materials and equipment that meet the Department of Energy’s standards and include insulation, roofs, and windows.

How Does a Federal Energy Tax Credit Work?
New York residents have access to tax credits equal to up to 30% of the cost of installing new HVAC equipment that meets specific efficiency requirements. The tax credit can also be applied to upgrades to your existing HVAC system, making them more energy efficient.

Since this bill is intended to help protect the environment, you’ll probably have to buy an appliance with a higher Energy Star rating than the basic model. There will also be SEER rating minimums that must be adhered to to claim the Federal Energy Tax Credits.

PEACE OF MIND GUARANTEESENERGY STAR Retail Partner

As an ENERGY STAR Retail Partner, Soundview has made a commitment to meet ENERGY STAR’s high level of dedication to the environment. Energy efficient air quality products and home comfort systems can contribute tremendously to reducing energy consumption and ozone depletion. When you buy from Soundview, you’re buying from a company committed to reducing our impact on the environment, without sacrificing features, quality or comfort.

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PEACE OF MIND GUARANTEESValue+ Planned Service

Soundview is leading the way in home energy reduction. A little efficiency goes a long way, and simply installing a new Programmable Thermostat and signing up for Soundview Value+ Planned Service can lower your energy consumption by as much as 30%, and it can help reduce your CO2 emissions by an average of 4 metric tons per year.

PEACE OF MIND GUARANTEESSoundview Commitment to Recycle

Soundview Heating and Air conditioning is doing our part by recycling all metal, Oil, Refrigerant, cardboard and paper. We are committed to doing our part to help protect the environment and will continue to improve our recycling.

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PEACE OF MIND GUARANTEESAir Conditioning Contractors of America

ACCA is a group of over 4,000 air conditioning contractors who work together to improve our industry, promote good practices, and keep homes and buildings safe, clean and comfortable.

Contact us now to get quote