Signed into law in August of 2022, the Inflation Reduction Act includes large provisions to improve the energy efficiency of existing buildings, invest in domestic energy and reduce carbon emissions. The bill affects homeowners directly by way of tax credits associated with purchasing HVAC systems or upgrades that boost energy efficiency.
Taking Advantage of a Potentially Golden Opportunity
Improving your home to make it more energy efficient can entitle you to up to $14,000 to offset the cost of those improvements. This means you could buy a new HVAC system that is far more efficient, far less expensive to run and not reliant on coolants being actively phased out of use. These tax credits not only help pay for these necessary upgrades; they help lower your energy bills dramatically with optimum efficiency during operation.
These systems both heat and cool your home, doing double duty while working more efficiently than either of their predecessors. During the cold season, a heat pump collects heat from outside your home (even in temperatures as low as -10℉) and moves in indoors. During the summer months, the system works in reverse, removing warm air from indoors and moving it outside.
What The Inflation Reduction Act Means for You
Qualifying homeowners in need of newer, more efficient appliances and HVAC systems have a window of opportunity to make the transition without breaking the bank, and saving monthly on reduced usage costs for the life of the upgraded system. Still, navigating the world of tax credits, rebates, SEER ratings and energy usage isn’t always easy if you aren’t an accountant or an HVAC expert.
Working with an HVAC service provider who understands the importance of helping you keep more money in your pocket can make an enormous difference for your household as a whole. A higher quality heat pump unit means lower bills, less noise, higher air quality and far less stress.
There’s no reason to leave money on the table during this chance to upgrade your home at greatly reduced cost. If you’re ready to make your home more efficient, less expensive and less noisy, ClimateSmith is ready to help make that goal a reality. Call today to learn more!