Inflation Reduction Act
If you’re considering upgrading your HVAC system to an Energy Star® certified heating and cooling system like Bryant®, now is a great time to do it! That’s largely because of the Inflation Reduction Act, a new legislation that aims to encourage homeowners to make energy-efficient improvements to their homes.
One of the ways it does this is by providing financial incentives for homeowners who purchase high-efficiency HVAC equipment. For homeowners in Maple Plain, Wayzata, and Delano, MN, you may be eligible for tax credits, heat pump rebates, and AC rebates.
Starting in 2023, the tax credit provides homeowners with up to $1,200 for purchasing a high-efficiency system. You can retroactively apply for this credit in 2022, and receive up to $500.
You can also receive instant rebates for upgrading, but the amount varies, depending on your household income. The specific models eligible for this rebate are still being discussed and finalized. However, be sure to check back for details. We’ll update this page for you as soon as we know!
A different type of rebate is also available under the Inflation Reduction Act—for reducing your energy usage. This also varies based on household income.
Take a look at the chart below for more information:
So, how exactly can you prepare for the Inflation Reduction Act and take advantage of these benefits? Here are a few steps you can follow:
Soon, you’ll be able to take advantage of the Inflation Reduction Act tax credits, AC rebates, and heat pump rebates in Maple Plain, Wayzata, and Delano, MN. Not only will you be able to save money on your energy bills, but you’ll also be doing your part to reduce greenhouse gas emissions and combat climate change.