Rebates and Tax Credits

Rebates and Tax Credits

Most electric companies encourage their customers to improve energy-efficiency of their appliances, including HVAC equipment. And because heating and cooling are by far the most energy-consuming activities, tuning up your system or upgrading to a better system means big energy (and monetary) savings. Below are the two major rebate programs that may help you offset some of the costs of HVAC improvements. You may also qualify for the federal renewable energy tax credit. Disclaimer: all tax credits are from the organizations linked here and not directly available from A Quality.

Residential Renewable Energy Tax Credit

You may be able to recoup up to 30% of your expenses if you have recently installed a geothermal heat pump. There is no cap on how much you can get back, as long as your residence and your equipment qualify for this credit. If you are planning on converting your home to geothermal heating and cooling, don’t wait too long. The credit is set to expire at the end of 2016.

If none of these companies is your electricity provider, visit the website of your provider and look for similar rebate programs. Also check for incentive programs implemented on the county level.