Benefits of updating your HVAC
As energy costs continue to rise, many homeowners are looking for ways to reduce their energy bills. One of the most effective ways to do this is by taking advantage of government rebates for HVAC systems. These rebates can help you save money on the purchase and installation of a new HVAC system, as well as on energy-efficient upgrades. Here’s what you need to know about HVAC government rebates.
There are THREE types of rebates available for HVAC systems. The most common type is (1) federal tax credit, which allows you to deduct a portion of the cost of your new system from your taxes. (2) New York State also offers additional tax credits or incentives for purchasing energy-efficient systems. Additionally, (3) some utility companies offer rebates for installing energy-efficient systems or making upgrades to existing systems.
- Tax credits can be claimed when filing your federal income tax
- NYS incentives can be claimed by going to the NYS website and checking your eligibility https://cleanheat.ny.gov/find-available-rebates/
- National Grid Rebate information can be found here: ngrid.com/myrebate.