We’ve got a lot to talk about today. Not only are we going to talk about some ways you could save money in the coming year with a high-efficiency heat pump, but we’re also going to explain some of the big changes coming up with the Inflation Reduction Act. You might have heard about this on the news a little bit, but there are some huge provisions and industry-wide changes that are coming quickly to the HVAC industry.
While prices are going to sharply increase on new AC or heat pump installations due to the SEER2 regulation updates, there are also great tax credits and rebates that can help even out the costs and ensure you end up with the most energy-efficient HVAC system available. While you could keep your older AC throughout the next few years, you might end up spending more on pesky AC repairs in Oviedo, FL, where a new system would last for a decade or more.
The Changes to Prepare For
Let’s first discuss what’s at the heart of the SEER2 update, and how things are going to change come January 2023. Firstly, only highly efficient air conditioners and heat pumps will be available for installation, which means you’ll likely only see systems with SEER ratings of 14 or above, no matter where you shop. This is basically designed to ensure that all heat pumps in the future are more energy efficient, giving the government time to make necessary upgrades to the electrical infrastructure of the country.
This impacts everything, from year-round heat pumps, to central air conditioners. What’s important is that you’re aware of this change come 2023. If you’re on a tight budget and are already looking for a new AC, now is the best time to invest in one before the change arrives and prices skyrocket.
Where to Start
Need help covering the expenses of a newer, more energy-efficient heat pump? Well, here are a few tools to help you start.
Here’s a calculator that’s going to determine what tax credits or rebates are available in your general vicinity. A lot of these can come as rebates on your utilities, and some can be tax credits that you’ll heavily benefit from later. Basically, the federal government really wants customers to invest in high-efficiency systems, and they’re spurring these purchases with huge ways to save.
The Energy Efficiency Home Improvement Credit
Let’s say you want to invest in a high-efficiency HVAC system, or some major upgrades to make your home more energy efficient. That’s a lot of cash required! Luckily, a certain percentage of that might be given back to you as a tax credit, depending on a certain amount of factors.
Do yourself a favor and call our team if you have any questions about the specifics of this legislation and how you can save on improvements.
Maintenance Programs and Fast Repairs
Don’t forget, investing in a new HVAC system is only going to take you so far. You’ll need a team for maintenance on a yearly basis, as well as for fast repairs when a problem arises. Start off strong with a maintenance program, and keep our number close so you can call us for AC repairs. Keep your new, high-efficiency HVAC system in good shape!