Inflation Reduction Act & Tax Credits
Maximize Your Savings While Improving Your Home Comfort
If you want to save on a new HVAC system or water heater, there may be tax credits available from the Inflation Reduction Act.
Please call us to schedule a free home comfort consultant visit to review the best system for you and your home and all the potential savings.
We’ve also provided some quick information below to help you understand what potential savings are available.
Who can use Federal Income Tax Credits?
Upgrades must be to an existing home & your principal residence. New construction and rentals do not apply.
How much can I claim in Federal Tax Credits?
This depends on the equipment and how many other credits you’ve taken advantage of for the year. Here’s a quick overview.
Our comfort consultants can review which products are eligible.
Heat Pumps: 30% of project cost up to $2,000
Gas Furnaces, Air Conditioners, Gas Water Heaters & Hot Water Boilers: 30% of project cost up to &600
Geothermal: 30% with no maximum limit
Are there other rebates and credits available that are not part of the Federal Tax Credit program?
Yes, several utility companies in our service area also have rebates on qualifying equipment ranging from $200-$1,500 depending on the type pf system. We have the expertise to help guide you through what might be available.