HVAC Tax Credits

Under the Inflation Reduction Act of 2022, federal income tax credits for energy efficiency home improvements will be available through 2032. There’s a huge range of ENERGY STAR certified equipment eligible for these tax credits. ENERGY STAR products are independently certified to save energy and make a smart investment for energy efficiency you can count on. 

Taking advantage of tax credits, along with any available rebates, is a good way to help make the transition to a clean energy future more affordable. Here’s a breakdown of what’s included, how much of the expense qualifies, and the maximum amount allowed. Visit any of the links to see eligible products and other important details from ENERGY STAR.

Heating & Cooling Tax Credits

• Air Source Heat Pumps - 30% of the project cost up to $2,000 maximum amount credited.

• Central Air Conditioners - 30% of the project cost up to $600 maximum amount credited.

• Furnaces (Natural Gas, Oil, Propane) - 30% of the project cost up to $600 maximum amount credited.

• Biomass Fuel Stoves - 30% of the project cost up to $2,000 maximum amount credited.

• Hot Water Boilers (Natural Gas, Propane, Oil) - 30% of the project cost up to $600 maximum amount credited.

Water Heating Tax Credits

• Heat Pump Water Heaters - 30% of the project cost up to $2,000 maximum amount credited.

• Water Heaters (Natural Gas, Oil, Propane) - 30% of the project cost up to $600 maximum amount credited.

We’re Here to Help

We know there’s a lot involved in navigating the ins-and-outs of these programs. You can rest easy knowing CTR Heating & Air Conditioning will help you with all the details, and will ensure that you get the MAXIMUM benefits for your new system.

When you schedule an appointment for your FREE, NO OBLIGATION estimate, we’ll give you all the best options for your HVAC needs. You’ll get fair and honest up-front pricing (including parts, labor, and no hidden charges…ever) and we’ll walk you through all the potential rebates and tax credits.

Tax credits are effective for products purchased and installed between Jan 1, 2023, and Dec 31, 2032.
Data based on Federal Tax Credit information published November 2022.