What is the Inflation Reduction Act?
To help reduce the effects of inflation, the U.S. Government has passed the Inflation Reduction Act. Of particular interest to homeowners, this act includes a number of tax credits for the installation of ENERGY STAR® certified home heating and cooling products. These include:
- Effective Jan 1, 2023: Provides a tax credit to homeowners equal to 30% of installation costs for the highest efficiency tier products, up to a maximum of $600 for qualified air conditioners and furnaces, and a maximum of $2,000 for qualified heat pumps.
Provides a tax credit to homeowners equal to 30% of installation costs for ENERGY STAR® tier products until 2032. That percentage drops to 26% in 2033 and 22% in 2034.
Provides income-depending rebates to eligible homeowners including:
- Up to $8,000 for all-electric Heat Pumps
- Up to $4,000 for electrical load service center
- Up to $2,500 for electric wiring
- Up to $14,000 maximum for all
Bryant’s EcoHome program offers 0% same as cash financing available so you can make monthly payments on high efficiency equipment YOU want.1 Ask about bundling opportunities with factory rebates, state and local government rebates, and the Inflation Reduction Act. Call Today! (251) 970-0007
