Welcome to Bragg Heating Company.
Consistently voted by readers of the Aiken Standard as one of the "Best of the Best" in the Aiken Area. We are a family owned business, now starting our 40th year of operation. Constantly striving to give our customers the best quality for their investment. WE are here to service all your comfort needs. Whether you need a new system or need to improve your indoor air quality --- We are the contractor you can trust with your family's comfort.
Tax Credits for 2009-2010
As many of you may know by now, the government has passed energy tax credits that are available for homeowners changing out their HVAC equipment either this year or next. Following are the requirements to receive a tax credit.
| Split Heat Pump System | Package Heat Pump | Central A/C | Package Gas Electric |
|---|---|---|---|
| EER>=12.5 | EER>=12 | EER>=13 | EER>=12 |
| HSPF>=8.5 | HSPF>=8 | ||
| SEER>=15 | SEER>=14 | SEER>=16 | SEER>=14 |
What do all these abbreviations stand for, let's break them down.
HSPF--This stands for Heat Season Performance Factor. This is simply how efficient does your heat pump use power for heating. The higher the number the more efficient your system.
SEER--This stands for Seasonal Energy Efficiency Ratio. This is how efficient does your system work on the air conditioning side. The minimum that can be installed now is 13. Some heat pumps have SEER ratings as high as 21. Every SEER point higher is on average an additional 10% reduction in your cooling cost.
EER--This is a measure of how efficiently a cooling system will operate when the outdoor temperature is at a specific level (95oF). The higher the EER, the more efficient the system.
How does the tax credit work?
If your system meets the criteria listed above, you will receive a tax credit of 30% of the installed cost up to $1500. You will take this credit on next years taxes. One thing to keep in mind, the $1500 cap is for 2009-2010 years combined. For example, if you had two systems to change out, you would only receive a tax credit of $1500 total, not per system. Also, the credit is only good on your primary residence.
There is one system that has an unlimited cap number. If you have a geothermal heat pump system and you meet the criteria(EER>=16.2, COP>=3.6), you can take a credit of 30% of the installed cost with no cap on the tax credit. To receive the credit you must have the following: a bill from your installing contractor for your records. A statement of certification from the equipment manufacturer, which your installing contractor can provide. Finally you will have to send in IRS tax form 5695 with your taxes.
If you wish, you can go directly to the government website-- www.energystar.gov for more details.
We offer several systems that will qualify for these tax credits across our three product lines. We also sell and install Florida Water Source units for those with geothermal systems.