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
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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 Furnace Installation You Can Rely On Near You in Prior Lake, MN

Get the Trusted, Premier Furnace Installation Experts You Deserve Near You in Prior Lake, Minnesota

Metro Air Heating & Cooling offers a full line of installation, maintenance, and repair that your home’s plumbing may require, no matter the problem or time of year. You can count on our trusted professionals for their exceptional service and quality craftsmanship. Metro Air Heating & Cooling is proudly and professionally serving the greater Prior Lake area.

Get the Trusted, Premier Furnace Service Experts You Deserve Near you In Prior Lake, MN

Metro Air Heating & Cooling offers a full line of installation, maintenance, and repair that your home’s furnace may require, no matter the problem or time of year. You can count on our trusted professionals for their exceptional service and quality craftsmanship. Metro Air Heating & Cooling is proudly and professionally serving the greater Prior Lake, MN area.

Expert Furnace Installation You Can Rely On Near You in Prior Lake, MN

A furnace is a crucial component of any HVAC unit. The furnace is the part of a HVAC unit that runs heat and allows yourPrior Lake, MN home to remain at a warm, comfortable temperature. When your furnace ceases proper operation, it can be particularly stressful as it is such a relied upon system in your home. But don’t worry – Metro Air Heating & Cooling has your back! If you suspect your furnace may be in need of replacement, you can rely on Metro Air Heating & Cooling for Top Rated Furnace Installation and Replacement Services. Our experienced team of professionals will help walk you through your options and keep you informed every step of the way. Installing or replacing a furnace doesn’t have to be stressful – call Metro Air Heating & Cooling today to schedule a Top Rated Furnace Installation or Replacement!

Signs It May Be Time to Replace Your Prior Lake, MN Home’s Furnace

If you are encountering different problems over time with your home’s furnace, you may be starting to wonder if it is time to replace it. However, short of your furnace ceasing to warm your home, it can be difficult to determine when the right time is to replace it. Here are a few signs it may be time to replace your Prior Lake, MN home’s furnace:

  • Age. Like any major home appliance, as furnaces age, they decline in functionality. Most furnaces usually have a lifespan of around twenty years. Anything greater than that is considered fantastic, but when your furnace begins near twenty years of age, it is usually time to start looking for a replacement. 
  • Continuously Rising Energy Bills. Otherwise unexplainable and continuously rising energy bills are often the result of a furnace’s declining efficiency. This can be addressed with periodic repairs and maintenance, but is unlikely to ever be completely rectified as your furnace continues to age. 
  • Frequent Repairs Required. No matter the major or minor appliance in your home, we know that a unit that needs frequent repairs is not a good sign for the remaining lifespan of the unit. As your furnace ages and more repairs are needed, a replacement should begin to be considered by the homeowner. 
  • No Sound While in Operation. Most furnaces should make a consistent whirring sound in the background of your home while in operation. Banging or rattling noises coming from your furnace are signs that it needs to be repaired. However, a furnace that is silent while it’s supposed to be running is usually a sign of a furnace on its very last legs. 
  • Visible Cracks or Rust. If your Prior Lake, MN home’s furnace has visible cracks or rust on the unit, that is a telltale sign that the time has come to consider a replacement furnace for your home’s heating solution. Those cracks and rust can lead to corrosion and other issues that will severely deter your furnace’s operation. 

Regardless of your home furnace’s condition, Metro Air Heating & Cooling expert technicians will determine your needs before any work is done, so you can make the best decision possible for your family and your Prior Lake, MN home.

Professionalism You Can Count On: Furnace Installation and Replacement Services From Metro Air Heating & Cooling

With our highly-skilled technicians and upfront pricing, you can trust the local Prior Lake, MN experts at Metro Air Heating & Cooling for 100% satisfaction guaranteed.

No matter the problem, our Prior Lake, MN  furnace installation technicians will determine your heating & furnace needs and finances before any work is done, so you will know what solution is best & most affordable for your new furnace system.

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