You may have heard about how the Inflation Reduction Act (IRA) includes rebates and tax credits for the purchase of HVAC systems. Well, you’ve heard right! Components of the IRA were created to help homeowners save money on eco-friendly HVAC upgrades while providing some environmental benefits as well. It’s a win-win for homeowners and the Earth.
With so many opportunities for savings on the horizon, it’s essential to understand how the IRA directly impacts you. By taking the time to familiarize yourself with some of the programs available, you stand to reap the maximum benefits that are available to you as a homeowner.
There are 3 programs in the IRA that affect homeowners: the HOMES and HEEHRA programs, and the 25C residential energy efficiency home improvement tax credit. Let’s take a look at all 3 programs and also discuss SEER2 updates that affect cooling systems.