Air Conditioning Rebates in Texas
In 2022, the Inflation Reduction Act was signed into law, providing homeowners with various savings. Among the financial incentives were rebates for installing energy-efficient air conditioners. These tax credits and rebates allow homeowners to save big while upgrading their AC systems.
If you’re in the market for a new air conditioner for your Texas home, you could save a lot of money on the installation. Below, we’ll explore the available rebates and tax credits and how to make the most of these offers.
How Much Can You Get Back in Tax Credits for Upgrading Your HVAC?
The amount of money you can get back to upgrade to a new air conditioner varies based on many factors. With the right HVAC system, you can get a lot of money back just for installing a new system at your Texas home. Here, we’ll explore how it works.
Only some new HVAC systems qualify for the tax credit. Check with your installer to ensure you’re buying a qualified system. The more efficient the system, the more credit you will receive on your taxes.
If you install a brand-new, qualifying HVAC system, you could get up to 30% of the cost back in tax credits. The credit is applied to your next year’s taxes.
However, this doesn’t disqualify all homeowners who upgrade their systems. If you upgrade to a more energy-efficient unit than you have right now, you can also get credit, just not as much as you may get for a very efficient model.
The tax credit for upgrading to a more energy-efficient central AC unit is capped at $600. Installing one of these systems can result in significant savings, as you’ll install a new system that will work efficiently and save you even more money in the long run.
Are There Any Additional Rebates Available?
There are other rebate programs out there that can give you cash back for installing new, energy-efficient AC units at your home. One prominent program is the HOMES rebate program.
The HOMES rebate program offers big rebates for those who want to make a whole-home energy-efficiency upgrade. This rebate provides 30% of the cost of replacing an old HVAC system with a very efficient one, with a cap of $2,000 per year. This is a great option for those who want to switch from a traditional HVAC system to a heat pump.
Choose Total Air to Schedule Your New Cooling System Installation and Save Money
Work with Total Air when it’s time to upgrade your cooling system. We can work with you to ensure you get the best possible rebates and tax credits based on your new system.
Our team has installed HVAC systems for over 60 years, delivering top-tier service on every assignment. We offer upfront pricing, financing options, special deals, and guaranteed satisfaction. You can trust us to get the job done right.
Make sure your home has the best cooling system possible. Speak with Total Air by calling 972-881-0020 now to schedule AC installation in Texas.