Maximizing Savings with HVAC Rebates and Tax Credits
In the spirit of spring and the upcoming warmer months in Forsyth and Guilford Counties, it’s the perfect time to consider upgrading your HVAC system—not just for the enhanced comfort but also for the potential savings. Thanks to available rebates and tax credits, making the switch to a more energy-efficient system is more affordable than ever. Here’s how you can capitalize on these financial incentives.
Understanding the Incentives
- Federal Tax Credits: The Inflation Reduction Act of 2022 has introduced a range of tax credits for homeowners who install heating and cooling products that meet the highest tier established by the Consortium for Energy Efficiency (CEE). This includes:
- Up to $2,000 for installing ENERGY STAR-certified heat pumps.
- Up to $600 for ENERGY STAR-certified air conditioners, gas furnaces, and supporting electrical upgrades.
- These credits can total up to $3,200 annually, significantly offsetting the initial investment in high-efficiency equipment.
- Duke Energy Carolinas Smart Saver Rebates: For those replacing non-operational or old operational HVAC systems with more efficient models, Duke Energy offers rebates to encourage the upgrade. To qualify, you must be a residential electric service customer and the installation must be done by a Duke Smart Saver participating contractor, like Dinomite Heating & Cooling.
- Piedmont Natural Gas Rebate: This rebate is available for Piedmont Natural Gas customers who upgrade an existing gas furnace to a qualifying high-efficiency model. The rebates range from $175 to $325 depending on the AFUE rating of the new furnace.
Why Upgrade Now?
Upgrading your HVAC system improves your home’s comfort and reduces energy consumption. Get the benefits of a new air conditioning system while taking advantage of the available rebates and tax credits to offset the expense of the upgrade.
How Dinomite Heating & Cooling Can Help
Navigating the requirements and paperwork for rebates and tax credits can be daunting. That’s where Dinomite Heating & Cooling comes in. Our team is knowledgeable about the latest incentives and can help you select qualifying equipment to ensure the system you purchase is eligible for all available incentives. It is recommended to consult with your tax professional to confirm individual eligibility for any federal tax credits.
Take the Next Step
With the warmer weather on the horizon and these attractive financial incentives available, there’s never been a better time to upgrade your HVAC system. Contact Dinomite Heating & Cooling today to discuss your options. Our team is ready to help you enhance your home’s comfort, lower your energy bills, and maximize your savings through rebates and tax credits. Upgrade today and enjoy the benefits of a modern, efficient HVAC system in your home.