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Are you considering upgrading your HVAC system while also aiming to save some money? Well, you’re in luck because today we’re exploring the realm of energy-efficient HVAC upgrades and how they can lead to substantial rebates and tax incentives. Get ready to discover how to maintain your home’s comfort, keep your finances in check, and contribute to environmental sustainability! And when you’re ready to schedule service, Haller is ready!

Understanding Energy Efficiency

Let’s start by defining “energy-efficient HVAC upgrades.” Essentially, these are upgrades or replacements to your heating, ventilation, and air conditioning systems that are designed to use less energy while still keeping your home cozy in the winter and cool in the summer. These upgrades can range from installing a programmable thermostat to upgrading to a high-efficiency mini-split heat pump system.

Did you know that there are $2,750 in potential rebates & incentives available when you upgrade your current system? Call today to learn more!

The Tax Incentive Perspective

Now, here’s where things get interesting: did you know that the government actually rewards you for making these energy-efficient upgrades? That’s right! Through various tax incentive programs, governmental bodies are encouraging homeowners like you to embrace green practices and reduce energy consumption.

Under the Inflation Reduction Act, you can claim 30% of project costs, up to $2,000, in tax credits. These credits can be combined with additional credits of up to $1,200 for other eligible upgrades made within the same tax year.

What’s the difference between a tax incentive and a rebate? Click here to read our blog and find out!

Qualifying for Tax Incentives

But how exactly do you qualify for these tax incentives? It’s relatively straightforward. Many energy-efficient HVAC upgrades are eligible for federal, state, and even local tax credits or deductions. These incentives may vary based on your location and the specific upgrades you undertake, but they often translate into significant savings come tax time.

  1. Eligibility Criteria: Whether you opt for ducted or ductless mini-split heat pump systems, ensure they meet the following criteria with assistance from experts:
    • Ducted Systems: Your heat pump must bear the ENERGY STAR Cold Climate label, boasting an EER2 greater than 10.
    • Ductless Systems: ENERGY STAR Cold Climate heat pumps should feature a SEER2 above 16, EER2 above 9, and HSPF2 above 9.5. These metrics reflect the efficiency of your heat pump, while factors such as home size and existing ductwork also influence eligibility.
  2. These ratings simply reflect the efficiency of your heat pump. Factors like home size and existing ductwork also play a role.

Save with State-Sponsored Rebates

Haller’s service territory encompasses three utility companies: PECO, PPL, and Met Ed. If you’re a customer of one of these companies, you’re likely eligible to take advantage of their rebate programs. It’s possible to secure rebates of up to $750 on energy-efficient HVAC services. While not everyone may qualify for the full extent of these rebates, most individuals can qualify for at least some of the offerings. Coupled with federal tax credits and financing options, the potential savings can be considerable!

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The Bottom Line

So, what’s the bottom line here? Energy-efficient HVAC upgrades not only help you save money on your energy bills year-round but also lead to attractive tax incentives and rebates. It’s a win-win for your wallet and the environment!

Next time you’re considering upgrading your HVAC system, be sure to explore any available tax incentives and rebates, and contact Haller! Your home, your finances, and the planet will thank you for it.

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