AIR CONDITIONING TAX CREDITS & REBATES
Manufacturer Rebates
Many manufacturers offer rebates to promote their products year round. There are no manufacturer rebates available at this time.
The Non-Business Energy Property Tax Credits outlined below apply retroactively through 12/31/2022. Updates will be applied for 2023 and remain effective through 12/31/2032.
Tax Credit: 10% of cost up to $500 or a specific amount from $50-$300.
Expires: December 31, 2022
Details: Must be placed in service in an existing home which is your principal residence by December 31, 2022. New construction and rentals do not apply.
Heat Pumps
Heat pumps that are ENERGY STAR certified meet the requirements for this tax credit.Tax Credit Amount: $300
Requirements | HSBF | EER | SEER |
---|---|---|---|
Split Systems | >=8.5 | >=12.5 | >=15 |
Package Systems | >=8 | >=12 | >=14 |
For additional information including customer requirements and/or to sign up, visit Energy Star
Central Air Conditioners
Air conditioners recognized as ENERGY STAR Most Efficient meet the requirements for this tax credit. To verify tax credit eligibility, ask your HVAC contractor to provide the Manufacturer Certification Statement for the equipment you plan to purchase
Tax Credit Amount: $300Requirements | SEER | EER |
---|---|---|
Split Systems | >=16 | >=13 |
Package Systems | >=14 | >=12 |
For additional information including customer requirements and/or to sign up, visit Energy Star
Utility Rebates
Many utility companies offer rebates to encourage homeowners to install high efficiency heat pump systems. The rebates vary depending on the existing system and the efficiency of the replacement system.
Duke Energy
Rebate Period: Ongoing
Duke Energy rebates are applied for by the licensed contractor. The rebate will be credited to your electric bill. This usually takes 2-3 billing cycles.
Single Family Homes
Existing System | Replacement System | SEER | HSPF | Rebate |
---|---|---|---|---|
Straight Cool | Heat Pump | 14 | 8.2 | $300 |
Heat Pump | 16 | 8.2 | $150 | |
Heat Pump | 16 | $100 |
Manufactured Homes
Existing System | Replacement System | SEER | HSPF | Rebate |
---|---|---|---|---|
Straight Cool | Heat Pump | 14 | 8.2 | $150 |
For additional information including customer requirements and/or to sign up, visit Duke Energy Rebates
TECO
Rebate Period: Ongoing
TECO rebates are applied for and paid to the licensed contractor. The amount of the rebate is deducted from the invoice total at the time of purchase.
Additional information on the TECO Heating and Cooling Rebates page
Existing System | Replacement System | SEER | Rebate |
---|---|---|---|
Heat Pump | Heat Pump | 15 or greater | $135 |
Straight Cool or Heat Pump | Straight Cool or Heat Pump | 15 or greater | $135 |
Many manufacturers offer rebates to promote their products year round. There are no manufacturer rebates available at this time.