Don’t Miss Out: Tax Incentives Await for Your New HVAC System

As we near the end of 2024, now is the perfect time to consider upgrading your HVAC system. A new, high-efficiency unit can provide several benefits:

  • Improved Efficiency: Modern HVAC systems are designed to operate more efficiently, reducing your energy consumption and lowering utility bills.
  • Enhanced Comfort: A new system can maintain consistent temperatures throughout your home, improving overall comfort during colder months.
  • Increased Home Value: Upgrading can enhance your home’s resale value, making it more appealing to potential buyers.

As you consider the advantages of upgrading to a new, energy-efficient HVAC system, it’s essential to remember that this decision can lead to significant financial savings beyond just lower energy bills. Homeowners can take advantage of various federal and state tax credits when purchasing an energy-efficient HVAC system. These incentives not only help offset the initial investment but also enhance the overall value of your home, making it an opportune moment to upgrade before the end of the year. These credits may include:

Federal Tax Credits

  • Under the Energy Policy Act, you may qualify for a tax credit of up to $300 for installing high-efficiency HVAC systems. Look for units, such as Mitsubishi and Lennox devices, with specific energy efficiency ratings, such as SEER ratings.

Pennsylvania Incentives

  • Act 129 Rebate Program: Check with your utility company for rebates available for upgrading to energy-efficient systems. Some of the highest rebates can reach up to $1,000 or more for high-efficiency heating systems, depending on the specific criteria set by the company. 
  • Green Energy Program: This program offers low-interest loans for homeowners making energy-efficient upgrades. It also lowers utility bills, making it economically advantageous for residents.

Mitsubishi offers a range of high-efficiency systems, including ductless mini-split units, that boast impressive SEER ratings, ensuring they are energy efficient and eligible for various tax credits​. Similarly, Lennox is known for its high-efficiency air conditioners and heat pumps that also achieve high SEER ratings, making them a popular choice for homeowners looking to reduce energy consumption. If you’re unsure which system would best fit your home, the experts at Triangle are always available to help you weigh your options. 

Don’t wait any longer—now is the perfect time to upgrade your HVAC system before the year ends! By investing in a high-efficiency system, not only will you enhance your home’s comfort and energy efficiency, but you can also take advantage of valuable tax incentives that will help offset the cost. Contact Triangle Air Conditioning today to explore your options and ensure you maximize your savings before these opportunities expire!