It’s no secret that upgrading your HVAC system can be pricey. You want to make the right decision without breaking the bank to stay comfortable. The good news is, right now you can lock in your pricing and save on an HVAC upgrade.
Don’t put off investing in a new air conditioner, heat pump, or furnace before the end of the year or else you could miss out on incentives that are available on your taxes next year. Keep reading to learn more about the benefits of upgrading your HVAC system now in the potential for saving through tax rebates early next year.
About 2025 Tax Rebates
According to the IRS website, you can earn up to $3,200 in rebates when you make qualified energy-efficient improvements to your home this year. Our team can talk to you about your options for upgrading an older HVAC system to one that qualifies for the tax rebates.
Keep in mind that these rebates are designed to help you invest in a higher efficiency model so you can save on your monthly energy costs and also lessen your impact on the environment. Investing in a baseline model may not qualify for rebates. Instead, the rebate will offset the higher cost of a better unit.
The current rebates are available through 2032, and the maximum rebate amount is per year. You could easily replace either your air conditioner or furnace this year to claim a rebate when you file your 2024 taxes, and then replace the alternate unit next year to claim the rebate on your 2025 taxes as well.
The rebates aren’t just for HVAC system upgrades. There are also rebates available for window and door replacements, energy efficient water heaters, extra insulation, and services for resealing doors and windows. While we’re at your home, we can talk to you about additional options for boosting your energy efficiency and qualifying for tax rebates next year.
About High Efficiency HVAC Systems
There are two types of energy efficiency ratings for HVAC systems. The first is a SEER2 rating for cooling systems. Air conditioners receive a SEER2 rating based on their energy efficiency when it comes to cooling. Heaters are assigned HSPF2 ratings for heating.
Heat pumps get both ratings. In our area, having a heat pump means that you want to pay extra attention to the HSPF2 ratings. Heat pumps work very similarly to air conditioners for cooling, but they are vastly different from furnaces. Our climate zone requires specialized heat pumps with an extra power boost for heating since we face such low temperatures.
No matter what type of HVAC system you want to install, we can help you make a smart choice. Upgrading to a high efficiency model will cost more for now…but you also stand to recoup some of that money next year when you file your taxes. It’s definitely a worthwhile investment when you consider that you can save on your energy costs for the next 10 to 15 years.
If you need help with heating services in Brighton, NY, contact Triple-O Heating Cooling Electric & Plumbing today! Schedule service with Triple-O Mechanical: Your One-stop Shop for HVAC, Plumbing, and Electrical.