Federal tax credits and ComEd rebates and incentives available
Federal tax credits are available for new furnaces, boilers, central air conditioning units, heating/cooling fans and geothermal systems installed by Bill’s Heating and Air Conditioning. Tax credits typically range from 10 to 30 percent of the cost of the new system (many are capped at a specific dollar figure) and are worth researching.
Visit the following websites to determine if the new system you are considering this year also brings you a tax credit in April:
The Tax Incentives Assistance Project (TIAP)
In the Chicago area, ComEd has partnered with the local natural gas utilities to offer incentives for installing both a qualifying heating and cooling system in your home with high-efficiency equipment. ComEd customers who are also served by Nicor Gas, Peoples Gas or North Shore Gas are eligible to participate in the Complete System Replacement combined rebates program. Visit the ComEd website to learn more.