Up To $2,600 Available On HVAC Systems
Providing tax credit-qualifying equipment* to a homeowner could help you increase
your sales by offering a higher SEER model.
The 2022 Inflation Reduction Act offers several incentives for homeowners to invest in energy-efficient solutions. Providing tax credit-qualifying equipment* to a homeowner could help you increase your sales by offering a higher SEER model.
WHAT IS THE ENERGY EFFICIENT HOME IMPROVEMENT TAX CREDIT (25C)? This tax credit is available to all homeowners nationwide, regardless of income level.
The Energy Efficient Home Improvement Tax Credit (originally called the Nonbusiness Energy Property Credit) is available from Jan 1, 2023 to Dec 31, 2032. That’s a 10-year window for homeowners to finance and receive compensation for upgrading their HVAC and contributing to a greener future for our communities.
This tax credit allows homeowners to claim 30% of energy-efficient upgrade costs, up to an annual (not lifetime) limit of $1,200. Other individual credit limitations include:
- Up to $2,000 for qualified heat pumps (the one exception to the $1,200 limit)
- Up to $600 for qualified air conditioners
- Up to $600 for qualified furnaces
- Up to $150 annual limit for home energy audits
What Are the Differences Between Rebates and Tax Credits?
Rebates are based on location incentives that help homeowners save money while making smarter energy choices by upgrading their HVAC system.
Homeowners purchasing specific HVAC systems or making other energy-related improvements may qualify for government-provided federal tax credits. Familiarize yourself with the equipment you offer that could help a homeowner receive a tax credit. At O’Connor Company, we’re proud to offer energy-efficient brands that not only benefit you and your clients, but our environment as well.