Tax Incentives
The Inflation Reduction Act and Your Home Comfort System
One of the Inflation Reduction Act’s goals is to make the needed purchase of energy efficient appliances more affordable for Arizona families. It also aims to make needed repairs around Arizona homes easier. Low- and moderate-income households may be eligible for rebates covering up to 50-100% of the cost of installing new electric appliances – including super-efficient heat pump home comfort systems.
There are rebates for households in single-family and multi-family homes to make energy efficient repairs and improvements. There are tax credits for upgrading heating and cooling equipment that may cover up to 30% of the associated cost. We highly recommend speaking to your tax preparer to see how you can take advantage of the variety of opportunities available.
Investopedia- what you need to know about tax credits for homeowners
Kiplinger.com Save More on Green Home Improvements Under the Inflation Reduction Act
CNBC – Inflation Reduction Act
