You may have heard about the 2023 Inflation Reduction Act (IRA), which provides significant investment in the form of tax credits and rebates for Jacksonville homeowners who upgrade their homes to make them more energy efficient. Some of these upgrades can also lower your energy bill in the long run, so it’s an investment worth looking into.

IRA tax credits and rebates: how much can I save?

Homeowners in the Jacksonville area can save a whopping $17,000 in tax credits and rebates through the IRA by making energy efficient HVAC upgrades. This handy savings calculator on Rewiring America’s website can help you estimate how much money you might save on your utility bills. Talk with the HVAC professionals at Snyder Home Services to see what energy-efficient home updates might be right for your home. Give us a call at 904-441-8476.

Inflation Reduction Act tax credits

To start with, certain tax credits are available for Jacksonville homeowners who purchase and install energy-saving upgrades to their homes, such as energy-efficient doors and windows, air conditioners, furnaces, heat pumps, and more.

25C tax credit for energy-efficient home improvements

The Energy Efficient Home Improvement Tax Credit included in the Inflation Reduction Act is an expansion of the 25C tax credit, and it allows homeowners to deduct up to 30% of the cost of certain energy-efficient home improvements, up to $3,200 per year. Check out the list below to see what appliances and upgrades are eligible for this tax credit.

Keep in mind that any new appliances or home upgrades you make need to meet certain requirements in order to qualify for the 25C tax credit.

Find a list of Energy Efficient Home Improvement Tax Credit and eligible appliances here.

The AC professionals at Snyder Home Services are standing by when you decide to invest in energy-efficient home upgrades or replacements. Give us a call at 904-441-8476.

IMPORTANT NOTE: These tax credits will be added to your tax credit amount when you file next year; they are not up-front savings on the purchase of new equipment or appliances. And while Snyder Home Services is happy to provide information on qualifying appliances, we cannot provide any tax or other financial advice. Please contact your tax professional if you need help filing when the time comes.

Eligibility for the IRA 25C tax credit

All homeowners in Jacksonville, FL are eligible for the Energy Efficient Home Improvement Tax Credit. The credit resets each year, which means that it will apply to any qualifying equipment you install or upgrades you make in 2023 and beyond.

Annual caps

Annual caps for these tax credits are $1200 per household per year, or $2000 for upgrade that include heat pumps, with a total annual cap of $3200. If you’ve been considering making any home improvements like these, now is a great time to take advantage of these tax savings! Call Snyder Home Services at 904-441-8476 for advice on products or installation.

Claiming your Inflation Reduction Act tax credits

Snyder Home Services can provide you with the necessary documentation regarding your new qualified energy efficient upgrades so you can claim your tax credits when you file next year. However, we cannot offer tax or financial advice. Please consult with your accountant or tax professional when the time comes.

Inflation Reduction Act home improvement rebates

Homeowners in Jacksonville, FL can also benefit from rebates that are included in the IRA.

HEEHRA (High Efficiency Electric Home Rebate Act)

The High Efficiency Electric Home Rebate Act (HEEHRA) can save up to $14,000 per year for low- to moderate-income households that make energy-efficient appliance upgrades. Check the chart below for all the info you need about the HEEHRA rebate program.

Rebates are applied to the purchase the appliance under the HEEHRA program—they are not tax credits.

Home Owners Managing Energy Savings (HOMES) Rebate

The other rebate program included in the IRA is the HOMES rebate, which encourages energy savings by reimbursing homeowners for whole-house energy improvements. That means that when you install a heat pump or make electrical upgrades that reduce your energy consumption, you will earn more money back.

With the HOMES program, the more energy you save, the bigger the rebate. Households that reduce energy use by 20%-35% can save $2000 to $8000!

HOMES rebates are available to all households, but the rebate amount is doubled for low- and moderate-income households. In addition, up to 80% of project costs will be covered by the program.

Most of the rebates offered under the Inflation Reduction Act will be available by the end of 2023, depending on DOE regulations and Florida state guidelines. To see if rebates are available when you’re ready to purchase, contact Snyder Home Services at 904-441-8476.

Save money on energy-efficient home upgrades this year!

The Inflation Reduction Act was crafted to help control the costs associated with the overuse of fossil fuels, as well as to reduce pollution and promote cleaner energy solutions throughout the United States. Homeowners can ease their energy spending, reduce their tax liability, and receive a financial return when purchasing energy-efficient appliances and other home upgrades.

At Snyder Home Services we are happy to answer all your questions regarding potential home improvements or the Inflation Reduction Act; just give us a call at 904-441-8476.

(A REMINDER: We are not tax professionals and can’t offer financial advice. Please contact your tax preparation professional or the IRS website for help in filing your taxes and claiming any credits.)

 

Frequently Asked Questions

What are the differences between tax credits and rebates under the Inflation Reduction Act?

If you upgrade your home, you can claim the tax credits included in your IRA on your tax return, which reduces your tax liability. With the 25C tax credit, customers can receive an annual tax incentive of up to $3200 with the IRA. The tax credit can be claimed for both this year and next year if you install a heat pump air conditioning system or a heat pump water heater in your home.

A rebate is a type of upfront savings that is applied at the point of sale. The service provider is responsible for handling the paperwork and processing the rebate.

Can rebates be applied retroactively?

Rebates will be retroactive at the discretion of each state, according to state energy offices.

Is it possible to combine rebates and tax credits?

HOMES and HEERHA rebates cannot be used for the same upgrade, but they can be combined for separate upgrades, such as upgrading your water heater with HEERHA and upgrading your heat pump with HOMES.

Inflation Reduction Act tax credits can still be claimed while getting HEEHRA and HOMES rebates.

What should I do first?

Whether you need heat pumps, electrical upgrades, energy efficient plumbing, or any other type of inflation reduction act incentive, Snyder Home Services’ trusted experts in Jacksonville, FL know all the ins and outs of the Inflation Reduction Act incentives and can provide you with all the information you need to apply for the tax credits or rebates you qualify for. Call us today at 904-441-8476 to schedule an appointment or ask any questions.

Trust the Local Prior Lake, Minnesota Experts


Our Promise to You is to Perform the Correct at an Honest Price

When you need services, trust the experts at Metro Air Heating & Cooling. Our technicians have the skills, knowledge, and tools to fix most problems on the spot.

When your Metro Air Heating & Cooling technician arrives at your home they will explain all of your options before starting repairs so you can make informed decisions before any work begins. We service and repair most brands of equipment, so you can trust us to perform a professional job.

We’re not happy until you’re happy.

Metro Air Heating & Cooling is Here for All of Your Needs!

  • Upfront pricing – you’ll never pay more than you’re quoted
  • Expert advice from professional, licensed & certified technicians
  • We’ll only sell you what you need
  • We stock enough parts in our trucks to do 93% of repairs on the spot
  • We stand by all recommended repairs
  • Flexible scheduling, ask about same-day service!

Still have questions? Contact Us for all your questions!

Metro Air Heating & Cooling is Proudly & Professionally Offering Services in the Prior Lake, Minnesota area.

Check out all of our current offers!

Metro Air Heating & Cooling Offers Top-Quality Camera Inspection Services Near Prior Lake, Minnesota

Call Today for Your Camera Inspection Service!

Get the Trusted, Premier Camera Inspection Experts You Deserve Near You in Prior Lake, MN

Metro Air Heating & Cooling offers a full complement of installation, maintenance, and repair that your home plumbing system may require, no matter the season or problem at hand. You can rely on our trusted technicians for their exceptional service and quality craftsmanship. Our plumbers are well versed in all drain and plumbing services your Prior Lake home may need. Common sewer and drain services that our plumbers provide are:

  • Plumbing or Drain repair diagnostics to locate and determine what the problem is with your plumbing system.
  • Our Prior Lake, MN drain technicians can solve any clogged drain problems.
  • Repair or replace pipes without digging up your yard with our trenchless repiping services.
  • Our rooter drain cleaning services can remove roots impeding your main sewer line.
    Metro Air Heating & Cooling is proudly and professionally serving the greater Prior Lake, MN area.

Why Do I Need a Professional Camera Inspection by Metro Air Heating & Cooling For My Drains?

There are few things more frustrating in your home than a blocked drain, low water pressure, or a clogged toilet. Thankfully, the professionals at Metro Air Heating & Cooling can handle these issues promptly and efficiently. Our plumbing experts are able to fix the problem at hand using technology that allows them to quickly diagnose the problem and fix it with ease. If you are in Prior Lake, MN and are debating whether or not your plumbing system needs a camera inspection, here are a few reasons you might need one today from Metro Air Heating & Cooling:

Discover what is clogging your drain.

The primary purpose of a plumbing camera inspection is to discover what is clogging your water main or sewer line. By having our Metro Air Heating & Cooling experts out to your home to do a camera inspection, we can determine if you have an obstruction, broken pipe, tree root infiltration, or any other litany of potential issues. This allows you to know what the problem is before committing a large sum of money to possibly dig up the area surrounding your pipes to repair the problem.

Lost item retrieval.

Drop something down your drain? If you dropped an important item or family heirloom down your drain or if it is just now causing back-ups, call Metro Air Heating & Cooling to locate and retrieve your precious item out of your drain. A camera inspection will allow us to quickly locate your lost item and retrieve it without any further back-ups.

Remodeling or Moving?

In the event you are remodeling your kitchen or bathroom, you may want to have the experts from Metro Air Heating & Cooling over before any work is started to ensure that your system can handle the additional flow. Also, before you might move into a new Prior Lake, MN home, a plumbing professional should inspect your home to ensure that you won’t be inheriting a plumbing disaster.

Regardless of the problem, Metro Air Heating & Cooling camera inspection plumbers will determine what needs to be repaired before any work is done, so you know what solution is best for your Prior Lake, MN home’s plumbing and drains.