ENERGY STAR Savings
ENERGY STAR is a U.S. Environmental Protection Agency (EPA) program that promotes energy efficiency across various sectors, including HVAC systems. ENERGY STAR-certified HVAC equipment meets stringent energy efficiency standards, helping consumers reduce their energy consumption and costs.
ENERGY STAR rebates and Federal tax credits can significantly offset the upfront costs of upgrading to energy-efficient HVAC systems, making it more affordable for homeowners to invest in greener and more cost-effective heating and cooling solutions. Find rebates and special offers near you on ENERGY STAR certified products.
IMPORTANT NEWS: Starting in 2023, you may be eligible for a federal tax credit that will cover 30% up to $2,000 of the heat pump cost and installation!
No Problem Heating & Cooling can help you determine which ENERGY STAR-certified HVAC system is best for your home. Please reach out to your tax advisor to determine if your household qualifies for a tax credit and how to maximize the Federal tax credits you do qualify for.
Inflation Reduction Act: Get Tax Credits on Heat Pumps!
You could save thousands of dollars with this program! Heat pumps are among the energy efficient home appliances incentivized through the IRA’s various programs.
- The expanded Energy Efficient Home Improvement tax credit (25C) offers an annual credit of 30% of the project’s cost, and up to $2,000 for a qualifying heat pump.
- The Home Energy-Performance Based Whole House Rebates (The HOMES rebate) can pay up to $4,000 per dwelling or up to $8,000 for LMI homes or multifamily. However, the total rebate amount varies depending on the type of property, the retrofit, and homeowner’s income levels.
- The High-Efficiency Electric Home Rebate Program pays between 50% and 100% of the cost of installing a heat pump: up to $8,000 for qualifying homeowners, tenants, and multi-family landlords depending on the income and total cost of the project.
If you’ve taken part of this program in the past, good news! As of 2024, the “lifetime” limitation is lifted and replaced with an “annual” limit. This means you do have a limit for each year, but you can claim energy improvements on your home year over year. Reach out to us to learn more!
