Understanding the HVAC Tax Credit

MEMPHIS, Tenn., May 4 /PRNewswire/ -- As temperatures rise across the country, ARS/Rescue Rooter®, a privately held, nationwide provider of air conditioning, heating and plumbing, is reminding homeowners that there's no better time to take advantage of the U.S. government's HVAC tax credit.

As part of the American Recovery and Reinvestment Act of 2009, which was originally set to expire on Dec. 31, 2010, homeowners who purchase an energy efficient HVAC system may receive a tax credit of up to 30 percent of the cost of the unit (installed). But before homeowners purchase a new heating, ventilation and air conditioning (HVAC) unit, there are some important facts to consider.

• Only certain, approved units qualify for the HVAC tax credit.
• To receive the air conditioning tax credit, homeowners must have the unit installed in their primary residence no later than Dec. 31, 2010.
• Existing homes and new construction qualify. Secondary residences do not.

Details related to tax credits for energy efficient HVAC systems have undergone several revisions, so ARS/Rescue Rooter advises consumers to check EnergyStar.gov to ensure they select a unit that qualifies for the tax credit.

For additional information about HVAC tax credits and the services available at ARS/Rescue Rooter, visit ARS.com.

About ARS/Rescue Rooter

ARS and Rescue Rooter are leading brands of American Residential Services L.L.C., providing air conditioning, heating, indoor air quality, plumbing, drain cleaning and sewer line services across the United States. Based in Memphis, Tenn., American Residential Services L.L.C. has approximately 4,000 employees.

ARS/Rescue Rooter operates a network of more than 60 company operated, locally managed service locations spanning 24 states and the District of Columbia.  United by exceptional service, the ARS/Rescue Rooter Network serves both residential and light commercial customers through a knowledgeable team of trained specialists.  Providing elevated service and ensuring the highest standards of quality, ARS/Rescue Rooter has the experience to do any job right – the first time.

The company is growing nationwide, both naturally and through acquisitions, with recent acquisitions including: Air-Trol Heating and Air Conditioning of Indianapolis; Atlanta-based Universal Heating and Cooling; Heating and Air Conditioning Services of Boston; and 24/7 Service Corporation of Las Vegas, which operates Yes! Air Conditioning, Yes! Plumbing and Sunset Sheet Metal & Air Conditioning.

American Residential Services L.L.C. is owned by CI Capital Partners LLC, Royal Palm Capital Partners Inc., and management.  CI Capital Partners LLC, www.cicapllc.com, is a New York-based private equity firm.  Royal Palm Capital Partners Inc., www.rpcp.com, is a private equity investment and management firm and, through its affiliates, the owner of publicly and privately held companies. 

SOURCE ARS/Rescue Rooter