Consumers May Be Eligible for Up to a $300 Tax Credit for Purchasing Mitsubishi Electric Cooling and Heating Systems
Wednesday, March 13, 2013
SUWANEE, Ga., March 13, 2013 - Consumers who made energy-efficient upgrades to their homes in 2012 could find themselves paying less in federal taxes. On January 2, 2013, Congress passed The American Taxpayer Relief Act of 2012, which retroactively renewed the federal tax credit for homeowners who install qualified, high-efficiency, energy-saving products in their homes between January 1, 2012, and December 31, 2013.
Mitsubishi Electric US Cooling & Heating Division, America's No. 1 manufacturer of ductless cooling and heating technology, is pleased to announce that 27 system combinations of its energy-efficient lines of ductless cooling and heating systems qualify for the tax credit. Eligible homeowners can receive a tax credit of 10 percent of the cost up to $300 for qualifying Mitsubishi Electric systems.
"Mitsubishi Electric is extremely pleased with the reinstatement of the 25(c) tax credit," says Paul Doppel, senior director, industry and government relations, Mitsubishi Electric US Cooling & Heating Division. "Federal tax credits offer a great incentive and well-deserved reward for those who make responsible decisions to reduce their homes' energy use."
The tax credit was initially passed in 2006 but was allowed to expire on December 31, 2011. Its reinstatement will benefit thousands of households in the U.S. who installed Mitsubishi Electric equipment in 2012 and will potentially benefit thousands more qualifying households in 2013.
Mitsubishi Electric systems qualify for the credit because they exceed the efficiency standards outlined in the bill, sometimes by as much as 60 percent.
"Heating and cooling make up nearly half of a household's total energy use," continues Doppel. "With Mitsubishi Electric ductless systems, homeowners have the potential to decrease total energy use by a third or more and lower utility bills."
For more details on the tax credit, as well as a list of local rebate opportunities, visit www.mitsubishicomfort.com/taxcredit or www.energystar.gov. For more information about Mitsubishi Electric US Cooling & Heating Division, visit www.mitsubishicomfort.com.
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About Mitsubishi Electric US Cooling & Heating Division
Mitsubishi Electric US Cooling & Heating Division is headquartered in Suwanee, Ga. We are a leading marketer of Mitsubishi Electric intelligent air-conditioning and heating technology in North America, Latin America, the Caribbean and Bermuda. In 1982, we introduced our state-of-the-art, split-ductless air conditioners and heat pumps in North America. We expanded our product line with variable refrigerant flow (VRF) zoning heat pump systems using INVERTER technology to offer simultaneous cooling and heating capabilities. We also offer compressors and a full line of air-conditioning accessories. Mitsubishi Electric's HVAC products have won numerous awards for innovation and excellence, including a 2013 Top Products Award from Building Operating Management, a 2012 Product Innovation Award from Architectural Products, a 2012 Record Products Award from Architectural Record, a 2012 BuildingGreen Top-10 Products Award for split-ductless and VRF systems, and the 2011 AHR Expo Product of the Year Award for the Dedicated Outdoor Air System. For more information, visit www.mehvac.com or follow Mitsubishi Electric US Cooling & Heating Division on Facebook, Twitter and YouTube.
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