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.

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Still have questions? Contact Us for all your questions!

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

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Expert Air Conditioning Installation Services in Prior Lake, MN From Metro Air Heating & Cooling

central-air-conditioning-install

Get the Trusted, Premier Installation Experts You Deserve Today!

You may be wondering if it is time to replace your home air conditioning system, but aren’t exactly sure if you should totally replace your current HVAC system. Here are a few signs that it might be time to replace you A/C system:

  • How old is your A/C unit? Some A/C units may have a lifespan of up to anywhere between ten and fifteen years. However, without proper maintenance, the unit’s lifespan may be significantly less. As a rule of thumb, if your A/C unit is nearing the end of the average HVAC lifespan, and you are experiencing frequent repairs, it is probably time to have Metro Air Heating & Cooling replace your unit.
  • Does your unit require frequent repairs? An Air Conditioning Unit that often needs repairs may be an indication that it is time to have Metro Air Heating & Cooling install a new one, especially if the unit is more than 10 years old. You will save money in the long run on replacing your current unit as you will no longer have frequent costly repairs for your old A/C.

No matter your Prior Lake, MN home’s cooling needs, Metro Air Heating & Cooling air conditioning installation technicians will determine what’s best for you and your home before any work begins.

Schedule a Comprehensive Air Conditioning Installation Evaluation in Prior Lake, MN

Is your home air conditioning experiencing issues? Metro Air Heating & Cooling is the trusted name in Prior Lake, MN A/C installation services near you. Schedule your air conditioning installation and replacement cost estimate service today and ensure your A/C unit is running smoothly all summer long!

How Much Does a Central Air Conditioning Unit Installation Cost?

The costs associated with the installation of a new air conditioning system can vary widely. A multitude of factors affect the price to a new system:

Pre-installation evaluation.

Another key determinant of cost to install a new Central A/C Unit is the existing ductwork and design. More times than not, existing ducts can not handle the airflow of a newly installed system. If that is the case, new ductwork and design adds to the cost of the installation of a new A/C unit.

Ductwork and design.

Another key determinant of cost to install a new Central A/C Unit is the existing ductwork and design. More times than not, existing ducts can not handle the airflow of a newly installed system. If that is the case, new ductwork and design adds to the cost of the installation of a new A/C unit.

Type of Central Unit.

Depending on the design/structure of your home and the load calculation, our technicians will recommend a type of system that fits your home the best. While the type of unit needed will certainly affect the cost, choosing the best unit for your home ensures that you are less likely to require a costly repair or complete replacement in the future.

Regardless of the problem, Metro Air Heating & Cooling installation technicians will diagnose your needs and pinpoint the finances before any work is done, so you are comfortable with your air conditioning solution.

Get the Trusted, Premier A/C Installation Experts You Deserve Today!

Metro Air Heating & Cooling offers a full complement of installation, maintenance, and repair services that your home A/C system may need, no matter the season or problem at hand. You can rely on our trusted technicians for their exceptional service and quality craftsmanship. Common heating and cooling services that our technicians provide are:

  • Air Conditioning repair diagnostics to determine what is wrong with your A/C system.
  • Annual A/C tune ups to extend the lifespan of the unit and ensure proper, long lasting operation.
  • Adding ductless mini split to a room will allow you to control the temperature of that room without adding ductwork.
  • Our HVAC techs are skilled at inspecting, diagnosing and repairing any heating system in your home.

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