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The seasonal energy efficiency ratio (SEER) determines the efficiency of an air conditioner by measuring its performance throughout the entire cooling season. These ratings change periodically, requiring people to upgrade their AC or HVAC units to meet the new standards.
Most recently, those ratings have risen by one point across the board. New SEER ratings for air conditioners have gone up from a ratio of 13 up to 14 for northern areas. In the south and southwest, the ratio has risen from 14 to 15. In compliance with these changes, heat pump SEER ratings have increased from 14 to 15 in every region.
Even though you may not be ready to replace your existing HVAC system, upgrading today can help you save money. The Inflation Reduction Act provides incentives to help homeowners earn attractive rebates and credits on their upgrades.
The tax credit for installation costs rises from 10% to 30% for homeowners installing new systems that meet the updated SEER requirements. You can earn up to $600 for installing qualifying air conditioners and furnaces. Credits for heat pumps have a $2,000 maximum.
If you meet the IRS’s income limits, you may qualify for an $8,000 tax rebate when installing new, high-efficiency HVAC equipment. In addition, the program offers a rebate of $150 for home energy audits that qualify as eligible energy-efficiency improvements.
This program features household income restrictions, and those that qualify can’t claim more than $14,000 in total rebates. The available rebates include an $8,000 rebate for switching to an electric Energy Star heat pump. Updating your home’s insulation, air sealing, and ventilation is worth a $1,600 rebate.
The program provides a $4,000 rebate for installing an electric load service center and $2,500 for updating the home’s electric wiring.
While replacing your heating and cooling system represents a new expense, doing so will help you save on utility costs well into the future. Airmax, Inc. can help you explore your options for a replacement system and provide expert installation services. To get started, contact us today.
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Texas Department of Licensing & Regulation
P.O. Box 12157 • Austin, Texas
78711 • (512)4635522 • (800) 8039202 License# TACLA19323E