Overland Park Heat Pumps and Central Air Conditioners Tax Credits
The market has definitely turned the corner with the recently introduced US tax credits for customers who take up green technology or those who switch to energy efficient technology in heating and air conditioning equipment has resulted in consumers' renewed interest in spending money on their homes which consequently is helping revive the long-slumping market. There has been a marked increase in factory shipments of furnaces, central air conditioning systems and heat pumps in the last 2 quarters, reinforcing expectations and projections that since 2005, this will be the first year of growth for the $27 billion-a-year US residential market. As the season ahead is sure to be one of the busiest for air conditioning installations, the industry seems set on the course of recovery and the general sentiment is more optimistic than in recent years.
Through strict enforcements in both the production sector and the consumer sector, the US Government is on the way create sustainable solutions to advance energy efficiency and ozone protection, through minimizing the carbon footprint and the general environmental impact of its production operations.
It was 25 years ago that an article in Nature magazine alerted all to the discovery of a hole in the Earth’s stratospheric ozone layer which set about governments, industries, and environmentalists around the world to ink the Montreal Protocol which meant phasing out the production and consumption of chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) used as refrigerants in air conditioning and refrigeration systems, making it a reality by 1996.
In 2010, the residential unit shipments in the US are expected to grow 5% to 9% in-spite of the construction industry still remaining under pressure. Nevertheless, homeowners are showing a willingness to spend money again on heating and air conditioning replacements and upgrades, a lot more than in 2009. Replacement sales account for as much as 80% of the US residential equipment market.
Since last year's economic stimulus package allows homeowners to claim up to $1,500 on their income taxes for installing energy-efficient furnaces, heat pumps and central air conditioners, residential equipment sales are on an all time high. If you are a resident in Kansas or Missouri and would like to have avail maximum tax benefits through energy efficient air conditioning reach for a heating contractor and ask for an estimate. A good assessment of the residential setup by the heating contractors would give you an immediate estimate of how much you would have to spend to make your home greener. As this season is expected to be one of the busiest seasons for heating and air conditioning contracts, the sooner you reach for one the more you stand to gain. As the sales stats indicate, the volume of air conditioners and heat pumps shipped in November, December and January rose 22%, 44% and 38%, respectively which is a definite indicator of the trend.
To locate the best heating and air conditioning repair in the Kansas City area, irrespective of which city you live, www.kcmetro.com offers a complete list for HVAC contractor companies available in the Overland Park heating and cooling, Olathe, Lenexa and Lee’s Summit areas.