AMERICAN RESIDENTIAL SERVICES HIGHLIGHTS END-OF-YEAR TAX CREDITS FOR ENERGY-EFFICIENT HOME IMPROVEMENTS
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MEMPHIS, Tenn., Dec. 4, 2023 ~ As the year draws to a close, American Residential Services (ARS/Rescue Rooter) is encouraging homeowners to take advantage of the Inflation Reduction Act of 2022 (IRA) before the end of the year. The IRA offers federal tax credits for eligible homeowners who invest in energy-efficient home improvements, including qualifying HVAC systems, heat pump water heaters, geothermal heating installations, and more. These credits can cover up to 30% of the upgrade costs up to a $3,200 cap.

Joseph Hark, Vice President of Field Operations at ARS, said: "Homeowners have a fantastic opportunity this year to enhance their comfort at home while being financially savvy. With the IRA, not only can you make your home more energy efficient, but you can also potentially enjoy significant tax savings. It's like receiving a gift of comfort and savings all year round."

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Eligible improvements under the IRA include heat pumps for heating and cooling; high-efficiency AC/furnace units; biomass stoves; advanced main air circulating fans; heat pump water heaters; high efficiency tank and tankless water heaters; and insulation. ARS is committed to assisting homeowners in navigating the complexities of the IRA and understanding which systems qualify for the tax credits.

Hark added: "Understanding the IRA and its benefits can be challenging, but our team is equipped to provide the necessary guidance. While we're not licensed tax professionals and cannot provide tax advice, we can certainly help homeowners understand which equipment qualifies under the new law."

ARS encourages homeowners to invest in their comfort and peace of mind by upgrading to more energy-efficient systems before year-end. Not only does this improve home comfort, but it can also align with environmental sustainability efforts. Homeowners interested in learning more about these tax credits should contact their local ARS branch soon or visit ARS's website for additional information and an interview with Joseph Hark.
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