Rebates for Homeowners – Let Your Equipment Pay for Itself in a Year
August 23, 2023
Have you discovered that it’s time to replace your worn-out, old cooling and heating system? If so, there are a number of rebates available that can help you cover the costs of a new unit within 12 months of having it installed.
If your heating and cooling system is over a decade old, or is unable to make your home as comfortable as it once was, then now is the time to think about installing a high-efficiency system. When you do this it can help in a number of ways, including:
- Making your home more comfortable
- Reducing your carbon footprint and energy usage
- Helping to save you money for years down the road
The best part is that if your newly installed equipment meets certain eligibility requirements, you may even receive rebates of more than $600.
Switching to an Energy Efficient System can Help You Save Big
Many people are surprised to learn what areas of their home use the most energy. Cooling and heating systems use the largest amount of energy in the majority of households. In fact, most system account for about 40 percent of your monthly bill.
When you install an energy-efficient heat pump, it can help you save as much as $300 each year on your cooling and heating costs.
However, the savings on your utility bills are not the only ways you can save. While the actual rebates you receive are dependent on where you live and who provides your power, most companies offer rebates for energy efficient equipment.
What to Expect from Your Local Rebates Provider
Quite a bit of the Kansas City area receives power from KCP&L. The rebates are based on what you have installed and when the installation takes place. Also, once new equipment is installed, you may be eligible for Federal Tax Credits. For example, in 2016, you could have received a rebate of 10% of the cost of your new unit if it met certain requirements. If you want to know what time of tax credits are now available, speak with the professionals at Bob Hamilton.
The Bottom Line
There is no way to know for sure what rebates you may qualify for until a professional technician evaluates your current HVAC system. The more efficient of a system you install, the better savings you are going to see. Not only will be you eligible for certain rebates, you can also receive Federal Tax Credits and even savings from operating the new, efficient system.
In many cases, you can recover the full cost of your new system in a year. This makes it extremely appealing to call or schedule your service online to have a new system installed.
Last Updated: August 29, 2023