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Inflation Reduction Act

John's Air Conditioning and Heating

The Inflation Reduction Act was passed in August of 2022 to reduce carbon emissions, lower healthcare costs, and more. The act includes a number of measures, including tax credits and rebates for homeowners who upgrade their HVAC systems and reduce their energy usage.

These tax credits and rebates can save homeowners a significant amount of money on their next HVAC purchase, so if you’re considering upgrading your system, now is the perfect time to do so!

To learn more about your eligibility and the amount you could save, reach out to our team at John’s Air Conditioning & Heating today. We would be happy to help!

Here's A General Guideline Of The Tax Credits And Rebates:

The Energy Efficient Home Improvement Credit

Homeowners are potentially eligible for the tax credits related to the Energy Efficient Home Improvement Credit. The credit is a maximum of $1,200 annually starting in 2023 and includes the following:

To find out if you qualify for the credit, call us at (813) 689-2722 to speak with a representative from John’s Air Conditioning & Heating.

The High-Efficiency Electric Home Rebate Act & the HOMES Rebate Program

The High-Efficiency Electric Home Rebate Act (HEEHRA) and the HOMES Rebate Program are both designed to incentivize homeowners to make energy efficiency a priority. The HEEHRA offers an instant rebate of up to $14,000 for homeowners who make qualifying upgrades, and the HOMES Rebate Program offers an instant rebate of up to $8,000 for low and mid-income households. The HOMES Rebate is an excellent rebate for anyone looking to cut their energy costs.

You cannot combine these rebates, but you can apply for one rebate program and the Energy Efficient Home Improvement Credit.

Low-Income Households

Homeowners with a low-income household (earning less than 80% of your area’s median income) qualify for 100% of the project costs for eligible products within the High-Efficiency Electric Home Rebate Act & HOMES Rebate Program.

You can receive up to the following amount in rebates for HEEHRA electrification projects:

  • $8,000 for heat pumps
  • $1,750 for a heat pump water heater
  • $4,000 for an upgraded breaker box
  • $2,500 for upgraded electrical wiring
  • $1,600 for insulation, ventilation, and sealing

You can receive up to the following amount in rebates under the HOMES Rebate:

  • $4,000 for cutting your energy by 20%
  • $8,000 for cutting your energy by 35%

Mid-Income Households

Homeowners with a mid-income household (earning between 80% & 150% of their area’s median income) qualify for 50% of the project costs for eligible products within the High-Efficiency Electric Home Rebate Act & HOMES Rebate Program.

Meaning you can receive up to the following amount in rebates for HEEHRA:

  • $4,000 for heat pumps
  • $875 for a heat pump water heater
  • $2,000 for an upgraded breaker box
  • $1,250 for upgraded electrical wiring
  • $800 for insulation, ventilation, and sealing

And you can receive up to the following amount under the HOMES Rebate:

  • $2,000 for cutting your energy by 20%
  • $4,000 for cutting your energy by 35%

High-Income Households

Homeowners with a high-income household (earning 150%+ of their area’s median income) only qualify for the HOMES Rebate Program. Like the mid-income households, you can receive up to:

  • $2,000 for cutting your energy by 20%
  • $4,000 for cutting your energy by 35%

If you’d like more information or are ready to upgrade your heat pump or air conditioner in Tampa, FL, and the surrounding areas, contact John’s Air Conditioning & Heating! Our experts are excited to upgrade your system to a better, more high-efficiency option!

Call us today at (813) 689-2722!