HVAC Tax Credit

HVAC Tax Credit in St. Louis

Energy Efficiency & Cost Savings for Your Home

An efficient HVAC system is vital, especially with extreme winters in St. Louis that bring record lows and an average of over 18 inches of snow annually. For this reason, an energy-efficient heating and cooling unit can protect your and your loved one’s comfort. With St. Louis’ HVAC tax credit available to eligible property owners, you could be on your way to a more intuitive system that saves you thousands.

In 2022, United States President Joe Biden signed into law the Inflation Reduction Act (IRA), which includes tax credits and point-of-sale rebates that help a property owner like you save thousands of dollars when you have high-efficiency HVAC equipment installed. The IRA’s mission is to double the size of the clean energy workforce by nearly 1 million people, lower GHG emission levels by 40%, and save the average taxpayer up to $1,000 in annual energy costs.

What Tax Credit & Rebate Options Do St. Louis Homeowners Have?

As one of our most historical federal laws, the aim is to reduce climate change, create a healthier indoor air environment, reduce carbon emissions, and maintain environmental sustainability and protection. St. Louis homeowners interested in the HVAC tax credit have various options that can save up to over $37 billion across millions of homes.

High-Efficiency Electric Home Rebate Act (HEEHRA)

The High-Efficiency Electric Home Rebate Act (HEEHRA) is an essential rebate that assists low- and middle-income families.

Qualifying families can receive up to $14,000 in rebates to make their homes more energy reliant by installing or upgrading components, including:

  • Heat pumps
  • Electric appliances
  • Circuit panels
  • Insulation
  • Air sealing
  • Ventilation
  • Wiring

The rebate can cover the purchase and installation costs and will act as an off-the-top discount when you directly make the purchase.

Homeowner Managing Energy Savings (HOMES) Program

When you want a home that functions in your best interest, the Homeowner Managing Energy Savings (HOMES) program is a whole-home performance-based incentive that can help. The government has allocated over $4 billion to states, including Missouri, to support low and middle-income families moving toward whole-home energy efficiency.

The main benefits of the program include the following:

  • Up to $2,000 in rebates for retrofits that reduce energy savings by 20% or more.
  • Up to $4,000 in rebates for retrofits that cut energy usage by 35% or more.

Additionally, you can also receive up to $8,000 (or 80% of project costs) in rebates for heating and air conditioning system heat pumps. This program also offers credits for various new energy-efficient appliances and other energy improvements.

With these incentives, St. Louis homes can save up to $6,500 in operating costs or $650 on utility bills annually and reduce worry about unstable fossil fuel prices.

How Do St. Louis Households Qualify for the IRA and HVAC Tax Credit?

With the IRA, as a property owner in St. Louis, you’ll need to find out where your household income falls to discover how much you can be reimbursed for an energy-efficient system or components.

Receive a 50% Project Cost Rebate

Families with an annual income between 80% to 150% of our area’s local median income can receive rebates of up to 50% or part of the project cost.

Receive a Full Project Cost Rebate

For St. Louis households with annual income below 80% of the area’s median income, you may be eligible to receive a rebate of up to 100% of the project cost.

One Hour Heating & Air Conditioning® of St. Louis Provides Affordable & Energy-Efficient HVAC Solutions

One Hour Heating & Air Conditioning® of St. Louis can partner with you to help you save money with state and federal rebate programs and local heating and cooling services. Our staff of HVAC technicians is highly trained to diagnose any issue quickly and efficiently, allowing us to get the job done right the first time with minimal disruption.

We will work closely with you to ensure that you have an energy-efficient HVAC system installed that meets your home’s energy consumption and could qualify for reimbursement through the IRA. Let our St. Louis technicians recommend cost-saving strategies like heating and cooling maintenance packages and preventive care plans today.

Call (314) 463-4604 to address serious HVAC system issues before they become larger problems down the line.

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