Investing in a new air conditioning system can be a serious financial undertaking, but one that makes more sense the higher the temperatures climb throughout the summer.
Federal and state governments have instituted several incentives to help offset the cost and maximize homeowners’ savings while encouraging them to create a more sustainable living environment by adopting more energy-efficient technologies.
Let the contractors affiliated with HVAC 911 show you how to explore the various incentives available for energy-efficient AC that can help limit the damage to your bank account and carbon footprint.
Savings at the federal level
The federal government offers tax credits for specific energy-efficient home improvements, including installing high-efficiency central air conditioners.
New federal income tax credits are available through 2032 and provide up to $1,200 annually to lower the cost of energy-efficient AC upgrades by up to 30 percent, according to energystar.gov.
Homeowners can also claim additional costs if they first undergo a home energy audit to help identify the most beneficial energy efficiency improvements, including insulating the attic to reduce air leaks that contribute to energy waste and make the home less comfortable.
Savings at the state level
Many states offer their own rebate programs and property tax exemptions for installing energy-efficient AC systems. This can include cash rebates, discounts on equipment purchases, or even free energy audits to help homeowners identify areas for improvement.
The Database of State Incentives for Renewables and Efficiency, funded by the U.S. Department of Energy in collaboration with the NC Clean Energy Technology Center, makes it easy to find available renewable energy rebates in your area through its interactive map. Simply click on your state to see all available funded incentive programs to help lower your installation costs.
Some states may also offer low-interest loans or financing options specifically for energy-efficient improvements, which typically have favorable terms that can help homeowners spread out the cost of a new AC system over time, making it more affordable in the long run.
Maximize your savings with HVAC 911
As a homeowner, consider combining multiple incentives to take advantage of both federal tax credits and state rebate programs to significantly reduce the overall cost of your new AC system.
You should research and understand the eligibility criteria to identify a system that meets both your needs and the incentive requirements. HVAC 911 is here to help.
HVAC 911 is a contractor referral service that can connect you with fully insured, bonded and licensed contractors who employ highly skilled and highly trained technicians who can be trusted to get the job done and to get it done right.
