A Guide to HVAC Rebates & Incentives

Side view of outdoor energy unit hanging on brick wall of house on a sunny dayThe utility companies in Southwest Florida have energy-efficiency programs to help customers reduce energy consumption. Florida Power & Light Company established energy consumption goals based on the Florida Energy Efficiency and Conservation Act of 1980.

Federal tax rebates and credits are also available through the Inflation Reduction Act to help ease homeowner budget constraints and keep renovation and home improvement projects affordable.

Our NATE-certified technicians at Hoffman Electrical & A/C can help with your HVAC installations and replacements. We’ll explore the rebate programs and federal tax credits for Southwest Florida residents.

Learn about Southwest Florida rebates by calling Hoffman Electrical & A/C at (866) 238-3243.

Overview of HVAC Tax Credits & Rebates/Best Time To Replace

While there are different tax credits and rebates, if you install a new HVAC system or replace your existing unit, energy-efficient HVAC systems can lower energy costs by up to 30%.

The best time to replace your existing HVAC system is in the fall or spring to ensure it’s ready for the frigid winter and steamy summer seasons.

Convenient Payment Plans

With our convenient payment options, pay zero interest for 18 months when paying in full or extend payments to 37, 61, or 132 months.

Types of Tax Credits & Rebates Available

Let’s look at SEER rebates and government programs like the Energy Efficient Home Improvement Tax Credit.

SEER Rebates

With new Seasonal Energy Efficiency Ratio or SEER ratings for 2023, the rating measures how efficient your A/C unit is at cooling your home. SEER ratings of 16+ are considered high-efficiency units.

Homeowners can apply for the rebate when they purchase a new air conditioner, and homeowners are eligible if they set up a new installation or a replacement HVAC system.

Florida Power and Light

Florida Power and Light provides a $150 rebate if you install a new A/C with 16+ SEER. However, installation must occur with a preferred contractor, and you must fill out and turn in a Florida Public Utilities rebate claim.

As approved FPL contractors, Hoffman Electrical & A/C can help with your rebate form when you schedule air conditioner installation.

How To Apply for HVAC Tax Credits & Rebates

Renewable energy tax credits are available if you install an HVAC system that meets ENERGY STAR® requirements. However, some tax credits and rebates have online applications.

The federal program requires filing your request with your tax return. It’s important to ensure you meet the listed criteria to avoid having it rejected.

If you installed your system before January 2023, you are eligible for a 26% tax credit. For installation between January 2023 and January 2024, the credit is 22%.

Here are the required steps:

  • Ensure your HVAC system meets ENERGY STAR® criteria.
  • After your HVAC installation, fill out IRS Form 5695.
  • Keep copies for your records and turn in the original with your tax return.
  • For more information, refer to the IRS website or call them at (800) 829-1040.
  • Equipment HVAC tax credits expired in 2021. We did not see an extension approval, but check back periodically with ENERGY STAR® for updates.

Benefits of HVAC Replacement

Replacing your outdated HVAC system offers several benefits that include:

  • Lowering repair costs as you will have a new parts and labor warranty
  • Decreasing your utility bills with your new energy-efficient HVAC system
  • Keeping rooms comfortable and temperatures consistent year-round
  • Improving indoor air quality as newer HVACs include air filtration systems

Maximum Savings AND Energy Efficiency

Since 1989, Hoffman Electrical has been a family-owned and -operated business that services homes in Hillsborough, Pinellas, Pasco, Sarasota, and Manatee counties. Let us help lower your energy costs with high-efficiency air conditioning.

Ask about our flexible financing and online coupons of up to $1,000 when you trade in your old A/C. Rebates and credits can save thousands toward a new HVAC system and lower energy costs by 20% to 30%. Talk to our NATE-certified technicians today to learn more.

Access Florida tax rebates when you call Hoffman Electrical & A/C at 866-238-3243.

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