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.
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
Helps reduce your home's carbon footprint.
Does not utilize fossil fuels to maintain indoor comfort.
Does not produce combustion byproducts.
For eligible homeowners meeting IRS income requirements, installation may qualify for an $8,000 tax credit.
SmartHouse: SmartServiceman! I contacted SmartHouse about servicing my AC unit only to learn it would be a week before they had an opening on the calendar for me. The next day, I received a call... letting me know that due to a cancellation, they could have someone at my home that afternoon. Marcus called me when he was 15 minutes out, and when he arrived, he immediately got to work. He explained a few things to me, made some helpful suggestions, made sure I had a clean filter, he even sprayed a wasp nest lurking around the window next to my front door, and he witnessed my Rottweiler repeatedly opening the door trying to see why we were standing outside of his garage. Marcus did what he needed to do to get the job done, and was on his way within about 35 minutes; he was very professional, knowledgeable and personable. I appreciated how informative and polite Marcus was with me, and I will personally request him as my serviceman each time I need to contact SmartHouse.Thank You, Jennifer!read more
We originally found SmartHouse several years back when we were looking for a company to do an energy audit of our 120-year-old home. Because of the audit they did, we hired them to do the recommended... work, and saw a near-immediate change for the better in our energy bills. We've used them as our seasonal HVAC company ever since. This week they installed a new a/c unit, furnace, and two programmable thermostats in our house, fixing some not-up-to-code stuff they found along the way and generally just making everything work so much better. Their employees are also always on time, friendly and funny, and give good, honest advice about your system. We highly, highly recommend them!read more
I was very satisfied with the installation of a new furnace performed by Smart House. The installation was done in the attic, and included some tricky maneuvers to first remove the old unit. I... witnessed the crews' problem solving and their ease and confidence and use of additional manpower called in, to be successful with it.The installation of the new furnace was done efficiently, communication with me on their progress was consistent, and the prep work and clean up involved with keeping my main floor hardwoods and carpeting protected up three flights of stairs was appreciated!!Overall, the crew did an excellent job. They had a great work ethic, were on time for the appointment, and were professional and yet pleasant in their interactions with me. I would hire SmartHouse again in an instant.(I should add that the company owner actually came to my house months before the installation and must have spent 45 minutes helping me to understand my options about what seemed to be my failing furnace. This was free of charge but definitely aided me in making the decision to use their services.)read more