Inflation Reduction Act GuideGive us a call today: 717-597-9900
At Premier HVAC Services, your local heating and cooling company in Hagerstown, MD, we are invested in ensuring our customers are comfortable and that their energy bills stay as low as possible. This is why we’re excited to share our knowledge about the Inflation Reduction Act, an aggressive action that will reduce costs in a number of areas, including manufacturing and energy, which will ultimately benefit our HVAC customers.
Homeowners may not even be aware of how they can decrease their own energy costs, but we’re here to simplify this information for you.
Look to your local heating & air conditioning professionals here at Premier HVAC Services to learn more! Contact us today.
What You Need to Know about the High-Efficiency Electric Home Rebate Program
Signed into law in August 2022, the Inflation Reduction Act can help homeowners save money on home improvement projects that include the installation of high-efficiency electric appliances and clean energy upgrades through home efficiency rebates. While this law was developed primarily to assist businesses to adopt more eco-friendly measures and jump-start clean energy production, homeowners can go green as well in order to save.
Homeowners can receive tax rebates by installing high-efficiency:
Additionally, the High-Efficiency Electric Home Rebate Program, which is part of the Inflation Reduction Act, provides rebates to low and middle-income homeowners who purchase energy-efficient electric appliances. You may qualify if your total household income is less than 150% of the medium income where you live.
While there are limits on the amounts that certain families can get, it’s worth asking our professionals for more details. You may qualify for more than you realize!
Financial Incentives of an Energy-Efficient Heat Pump
Heat pump systems are well suited for all-electric homes, since they automatically have energy-saving performance in heating mode when compared to an electric furnace. This is because instead of generating heat, a heat pump transfers it in order to provide your household with efficient heating and effective cooling.
The Inflation Reduction Act and the High-Efficiency Electric Home Rebate Program will help you save even more. You may be eligible for up to $1,750 for a heat pump water heater, and $8,000 for a heat pump heating and air conditioning system.
How Much You Can Save & How to Qualify
Homeowners curious about how much money they can get with the Inflation Reduction Act can complete a calculation on rewiringamerica.org. Rates are determined by region, homeowner status, household income, tax filing, and household size. If you have any questions, please don’t hesitate to reach out to our team.