March 19, 2025
Time to Claim Your Savings: How to File Your 2024 Taxes for HVAC Upgrades
Tax season is here, and if you upgraded to an energy-efficient HVAC system in 2024, you could be eligible for valuable tax credits. Our guide breaks down how to claim your savings before the April 15, 2025, deadline—so you don’t leave money on the table.
Key Takeaways:
- If you installed a qualifying HVAC system or heat pump in 2024, you may be eligible for a federal tax credit worth up to $2,000.
- You must file IRS Form 5695 and include receipts, installation documentation, and manufacturer certification to claim the credit.
- Eligible upgrades must meet Energy Star standards and be installed in your primary residence.
- The deadline to file your 2024 taxes and claim your credit is April 15, 2025.
- Additional tax credits may apply for smart thermostats and other energy-efficient improvements.
- Visit the IRS website or consult a tax professional to ensure you claim your full benefit.
The filing deadline for your 2024 taxes is rapidly approaching. If you made energy-efficient HVAC upgrades in 2024, now is the time to claim your federal tax credit. To ensure you’re getting the full tax benefits when filing your 2024 return see the rest of the blog.
Did you make a qualifying HVAC Upgrade in 2024?
If you installed an energy-efficient HVAC system or, heat pump last year, you may be eligible for the Energy Efficient Home Improvement Credit, which offers:
- Up to $600 for qualifying air conditioners
- Up to $2,000 for qualifying heat pumps
- Additional credits for smart thermostats and other energy-efficient improvements are also available to learn more read here on the IRS website.
To qualify, your system must meet Energy Star efficiency standards and have been installed in your primary residence during 2024.
How to Claim Your HVAC Tax Credit
- Gather Your Documentation
- Manufacturer’s certification statement (proof of Energy Star compliance)
- Receipts for purchase and installation
- Any rebate documentation from local energy companies (For Phoenix residences SRP or APS)
- File IRS Form 5695 Part II
- This form is used to claim Residential Energy Credits
- Enter the cost of your HVAC system and calculate your eligible tax credit
- If you use tax software, search for Energy Efficient Home Improvement Credit and include your information
- If filing with a professional, bring your receipts and certification statement
Act Now - The Tax Deadline is April 15, 2025
Don’t leave money on the table! If you made HVAC upgrades last year, claiming your federal tax credit can help maximize your savings. Not sure if your system qualifies? Check with a tax professional or visit the IRS website for more details.
If you are thinking about upgrading your HVAC system this year, read our blog on HVAC savings in order to learn more about rebates and tax incentives available.
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