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Federal Tax Credits
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The Inflation Reduction Act of 2022
The Inflation Reduction Act of 2022 includes tax credits that reward homeowners for purchasing certain high-efficiency HVAC equipment.
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There’s Never Been a Better Time to Buy Our Highest Efficiency Systems.
Our highest-efficiency heating and cooling systems offer several homeowner benefits. From energy savings, to comfort-enhancing Ion™ System technologies, to longer component-specific warranties, there's a lot to like. And now there’s another potential benefit, thanks to Uncle Sam: The Inflation Reduction Act of 2022.
What is the Inflation Reduction Act of 2022?

To help reduce the effects of inflation, the U.S. Government has passed the Inflation Reduction Act of 2022. Of particular interest to homeowners, this act includes a number of tax credits for the installation of ENERGY STAR® certified home heating and cooling products. These include:

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Tax Section 25C, Nonbusiness Energy Property Credit

Provides a tax credit to homeowners on qualified energy efficiency improvements through Dec. 31, 2022. The credit is 10% of cost up to $500 or a specific amount from $50-$300.

Maximum Tax Credit Available Product Type Minimum Efficiency Requirements
$50 Any advanced main air circulating fan *See below
$150 Natural gas, propane, oil furnace or boiler 95% AFUE
$300 Split system air conditioner 16 SEER / 13 EER
$300 Split system heat pump 15 SEER / 12.5 EER / 8.5 HSPF
$300 Packaged air conditioner 14 SEER / 12 EER
$300 Packaged heat pump 14 SEER / 12 EER / 8 HSPF
$300 Packaged gas / electric 14 SEER / 12 EER

*An advanced main air circulating fan is a fan used in a natural gas, propane or oil furnace and which has an annual electricity use of no more than 2% of the total annual energy use of the furnace.

  • Effective Jan 1, 2023: Provides a tax credit to homeowners equal to 30% of installation costs 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.
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Tax Section 25D, Residential Energy Efficient Property

Provides a tax credit to homeowners equal to 30% of installation costs for ENERGY STAR® tier products until 2032. That percentage drops to 26% in 2033 and 22% in 2034.

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High-Efficiency Electric Home Rebate Program

Provides income-depending rebates to eligible homeowners including:

  • Up to $8,000 for all-electric Heat Pumps
  • Up to $4,000 for electrical load service center
  • Up to $2,500 for electric wiring
  • Up to $14,000 maximum for all
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