The Inflation Reduction Act of 2022

There is no better time to think about upgrading your heating and cooling system. The Inflation Reduction Act of 2022 provides tax credits and point-of-sale rebates that can equal thousands of dollars for the installation of high-efficiency HVAC equipment.

What is the Inflation Reduction Act?

The Inflation Reduction Act of 2022 (IRA) opens the door for homeowners across the United States to update their heating and cooling systems to select high-efficiency solutions.

This Act is designed to accelerate the adoption of all-electric HVAC equipment and lower utility bills for homes and businesses.

As part of the Inflation Reduction Act, multiple home comfort solutions' incentives have been amended and extended, including:

Energy Efficient Home Improvement Credit (25C)

Increases the tax credit value from 10% of installed costs to 30% for the highest efficiency tier products, up to a maximum of $600 for qualified air conditioners and furnaces, and a maximum of $2,000 for qualified heat pumps effective January 1, 2023.

HOMES Rebate Program

Depending on modeled energy savings, and IRS income requirements, homeowners maybe able to receive up to $8,000 rebate for the installation of high efficiency equipment. SmartHouse can be your consultant for modeling energy efficiency.

High-Efficiency Electric Home Rebate Program

Once states apply for funds and set up their programs, consumers can begin to qualify for income-depending rebates of the following:

  • Up to $8,000 for all-electric ENERGY STAR heat pumps to eligible homeowners and other qualifying individuals.
  • Up to $1,600 insulation, air sealing, and ventilation.
  • Up to $4,000 for Electric Load Service Center.
  • Up to $2,500 for Electric wiring.
  • The maximum rebate is $14,000 per household.

The Home Rebate Program and the High-Efficiency Electric Home Rebate Program cannot be combined. Consult your tax professional for specific details concerning your ability to qualify.

"Upgrading to an ENERGY STAR certified heat pump can help you transition from fossil fuels for a cleaner, healthier, more comfortable home." -ENERGY STAR

Join the Heat Pump Revolution

The Inflation Reduction Act Incentives provides tax credits for homeowners replacing aging equipment with high-efficiency HVAC systems!

An all-electric Heat Pump can deliver all the comfort with less impact on the environment, and they can also allow you more control over the comfort of each room, without temperature swings.

Why Upgrade to a Heat Pump?

Heat pump installations receive an unprecedented incentive package to support converting homes to all-electric, high-efficiency solutions.

A high-efficiency heat pump may help improve your indoor comfort, and upgrading from your existing lower-efficiency HVAC system can lead to energy bill savings for years to come.

An All-Electric Heat Pump

How Can I Get Started with My Energy Upgrade?

Contact SmartHouse today to discuss the eligible Inflation Reduction Act products that are right for your home. You can call SmartHouse at 314-648-3162, text us at 314-310-2242, or schedule an appointment online to get started today.

All Reviews 5.0google logoGoogle 5.0
Overall Rating
5.0 250 reviews

Our Services

Learn More

HVAC Services

Stay cool. Get cozy. Our heating and cooling services keep you comfortable all year long.

Learn More

Indoor Air Quality

Breathe easy. We make sure the air in your home is clean and safe.

Learn More

Improve Comfort

Turn your home into the oasis it can be.

Learn More

Energy Efficiency

Be green, save green, and be comfortable.