Guide to Florida’s HVAC Incentives and Tax Credits
Guide to Florida’s HVAC Incentives and Tax Credits
Living in Florida requires a reliable HVAC system to handle the summer’s intense heat and humidity. With energy costs on the rise, you may be looking to upgrade to a more efficient air conditioner. Why not take advantage of various HVAC incentives and tax credits available to Florida residents? Here’s a look at the federal and state incentives you can tap into to make your HVAC upgrade more affordable.
Federal HVAC Tax Credits
Federal tax incentives for HVAC systems offer significant savings. Homeowners can claim these credits for qualifying HVAC systems installed in existing homes between 2023 and 2032. Central air conditioners that meet specific energy efficiency requirements may be eligible for a 30% tax credit up to $600. Central heat pumps and ductless mini-splits may qualify for a 30% tax credit up to $2,000.
To claim the credit, your system must be installed by a licensed, certified HVAC company. Keep the manufacturer’s certification statement proving the date and cost of installation for your records. Then, file IRS Form 5695 with your federal income tax return.
Florida State & Utility Rebates
Florida offers several rebates to encourage homeowners to upgrade to energy-efficient HVAC systems. These rebates help offset the cost of new equipment, making it more affordable to maintain a comfortable home. To maximize your savings, stack the following state and utility rebates with your federal tax incentives for new HVAC:
- High-SEER equipment rebates: High-efficiency heat pumps and air conditioners qualify for rebates based on their seasonal energy efficiency ratio (SEER) ratings.
- Florida Power & Light: FPL offers a $150 instant rebate for HVAC systems rated 16 SEER or higher.
- Florida Public Utilities Company: FPUC provides a $100 rebate for HVAC systems rated 15 SEER or higher.
- Duke Energy’s Energy Wise® Home Program: This program offers annual bill credits for customers who enroll their cooling equipment in the program.
- Load management programs: Utility companies in Florida offer load management programs that provide benefits such as bill credits or rebates for managing peak energy demand.
- Solar energy systems: Florida promotes the adoption of renewable energy through various utility rebate programs. Homeowners can receive rebates for installing solar photovoltaic (PV) panels, solar water heaters, and solar pool heaters.
Benefits of Upgrading Your HVAC System
Upgrading your air conditioning system offers many benefits:
- Energy efficiency: Modern HVAC systems are designed to use less energy. They feature advanced technology like two-stage cooling, thermal expansion valves, and variable-speed blowers to reduce monthly utility bills by up to 20 or 30 percent.
- Enhanced comfort: Upgraded systems provide more precise temperature control, eliminating hot and cold spots. Many also feature zoning capabilities, allowing different temperatures for different areas throughout the day.
- Better humidity regulation: Modern systems control indoor humidity better, a crucial function in Florida’s climate. Proper humidity control prevents mold growth, reduces dust mites, and creates a healthier indoor setting.
- Environmental impact: High-efficiency systems consume less energy and reduce greenhouse gas emissions. The latest systems use eco-friendly refrigerants that do not deplete the ozone layer.
- Increased home value: A new, energy-efficient HVAC system increases home value when the time comes to sell. The upgrade attracts buyers who want lower utility bills and improved comfort.
- Reduced maintenance costs: New systems require less maintenance and fewer repairs. Advanced diagnostics can even alert you to issues before they become major problems, helping you avoid costly repairs.
- Quieter operation: Modern systems use sound-dampening technology and variable-speed compressors to operate more quietly.
- Smart home integration: New HVAC systems can integrate with smart home technology, such as Wi-Fi thermostats and smart home speakers and displays. Features like voice control and automated scheduling maximize comfort, convenience, and efficiency.
- Financial incentives: You can enjoy all the benefits outlined above with a smaller upfront investment thanks to federal, state, and local incentives that offer rebates and tax credits for energy-efficient upgrades.
Best Value A/C & Heating LLC Can Help
If you’re ready to take advantage of federal and state HVAC incentives, turn to Best Value A/C & Heating LLC for help. We provide qualified installations and all the paperwork required to claim your federal tax credit. We are also an FPL independent contractor, meaning you automatically qualify for rebates from this electric company when you choose us to install your qualifying HVAC system. Our A+ BBB rating demonstrates our commitment to quality and shows that your comfort is our business. Contact us today to learn how we can save you money on your new HVAC system in Volusia or Flagler County, FL.
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