Discover How Florida Homeowners Can Save Big with the Inflation Reduction Act!
The Inflation Reduction Act (IRA), passed in 2022, is a game-changer in the fight against climate change! This bold initiative aims to slash U.S. greenhouse gas emissions by a whopping 40%, bringing emission levels back to those of 2005 by 2030. And the best part? It includes fantastic incentives and rebates to help homeowners like you invest in high-efficiency home upgrades, such as heat pump installations, that save energy and electrify home comfort systems.
Florida Residents, Here’s How You Can Cash In on the IRA Benefits:
The High-Efficiency Electric Home Rebate Act (HEEHRA) is your ticket to affordable home electrification! This incredible rebate program covers the cost of electrification projects like:
- Heat pump installation
- Heat pump water heater installations
- Upgrading circuit panels
- Insulation and air sealing
- Proper ventilation
For low-income households, the rebate covers 100% of the cost (both purchase and installation) up to $14,000. Moderate-income households can get 50% of the cost covered, up to $14,000. Imagine transforming your home’s energy efficiency without breaking the bank!
Homeowner Managing Energy Savings Program (HOMES)
The Homeowner Managing Energy Savings Program offers up to $8,000 off the cost of heat pump installations! To qualify, your contractor just needs to prove that the new system will save you at least 20% on your electricity bill. With the efficiency of heat pumps, meeting this requirement should be a breeze.
25C Non-Business Energy Property Tax Credit
Under the IRA’s 25C Non-Business Energy Property Tax Credit, Florida homeowners can deduct up to 30% of a qualified heat pump installation, with a maximum deduction of $2,000. This credit is available to all income levels and can be combined with other rebates. Plus, the 25C tax credit offers up to $1,200 off the cost of duct sealing, insulation, and exterior windows and doors, making your home more energy-efficient and comfortable.
Weatherization Assistance Program (WAP)
The Weatherization Assistance Program provides grants for duct sealing, weather stripping, water heater wrapping, and other weatherization services. To qualify, homeowners must complete an energy audit to prove eligibility. This is your chance to upgrade your home’s weatherization at no cost!
Take Action Now!
By taking advantage of these programs, Florida homeowners can not only reduce their energy bills but also contribute to the national effort to lower greenhouse gas emissions. Don’t miss out on these incredible savings!
Call Ahoy! Cooling & Heating today for more information about the tax credit inflation reduction act and start saving now!
