Tax Credits
Between federal and state tax credits, there are a ton of options to help you and your family save some extra cash.
HVAC Tax Credits in Longview and Tyler, TX
Are you considering upgrading your HVAC system? You could save significantly by taking advantage of tax credits and utility rebates available to residents in Longview and Tyler, TX. A/C Contractors is here to help you understand the various programs that can reduce the cost of energy-efficient equipment installations.
Federal Tax Credits for HVAC Systems
The U.S. government provides tax credits for energy-efficient HVAC systems under the Inflation Reduction Act. These tax incentives encourage homeowners to upgrade to high-efficiency systems, reducing both energy consumption and costs.
Available Federal HVAC Tax Credits:
- Air Source Heat Pumps: Up to $2,000 in tax credits for qualified units.
- Central Air Conditioners: Up to $600 in tax credits for certain high-efficiency models.
- Gas Furnaces: Up to $600 in tax credits for high-efficiency models that meet energy standards.
To learn more about federal energy efficiency tax credits, visit the Energy Star website.
Texas State Tax Incentives for HVAC Systems
Texas offers state-level incentives for upgrading to energy-efficient HVAC systems, including through its Property Assessed Clean Energy (PACE) program. This program allows Texas property owners to finance energy-efficient upgrades, including HVAC systems, and repay the cost over time through property assessments.
Additionally, you may qualify for sales tax exemptions on energy-efficient HVAC systems in Texas. For more details, check with your local tax authority or visit the Texas Comptroller’s website.
Utility Rebates for Longview and Tyler Residents
Many local utility companies in East Texas offer rebates for homeowners who install high-efficiency HVAC systems. Below are some options available in the Longview and Tyler areas:
- Oncor Electric Delivery: Offers rebates on high-efficiency HVAC units and insulation improvements. Check their website for the latest rebate offerings.
- Swepco (Southwestern Electric Power Company): Provides rebates for energy-efficient heat pumps and central air systems. Customers can save hundreds of dollars on qualifying equipment.
How to Maximize Your Savings with HVAC Upgrades
By combining federal and state tax credits with local utility rebates, you can maximize your savings on a new HVAC system. Not only will you reduce your energy bills, but you’ll also lower your upfront costs through these available programs. At A/C Contractors, we can guide you through the process of choosing eligible systems and applying for rebates and credits.
Call A/C Contractors to Schedule a Consultation Today
Ready to upgrade to an energy-efficient HVAC system and save on installation costs? Contact A/C Contractors today to schedule a consultation! We’ll help you find the best HVAC solutions and maximize your savings with available tax credits and rebates. Call A/C Contractors Longview 903-759-4250 or Tyler (903) 581-9537 to get started!
Disclaimer: A/C Contractors does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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