Incentives Resource Center

Incentives can help make buildings better and more affordable. Trane helps you find, and stack rebates, incentives, grants and financing then supports you through qualification and execution.

Overview

What do incentives help our customers achieve?

Trane can help customers navigate incentives through various financial programs and support including:

Helping Reduce Overall Costs
Enhancing a Building’s Performance
Improving Overall Energy Efficiency
Elevating IAQ and Comfort

What incentives are available?

Federal, state, and local programs offer financial incentives to help offset the cost of energy-efficient building upgrades. Understanding your options can unlock significant savings.

Many utilities provide rebates to help reduce upfront costs for building efficiency investments and often offer targeted incentives for high-efficiency HVAC, controls, and other building systems. These incentives can make sustainable upgrades more affordable and accessible, and can help accelerate payback and reduce lifecycle costs.

Utility Rebate Finder

Leverage federal and state programs to reduce your tax liability and offset the initial capital outlay for both high-efficiency HVAC systems and whole-building clean energy investments.

Tax Credits: Directly lower project costs and reduce overall tax liability by claiming federal and state credits for qualifying energy-efficient improvements, including Trane’s sustainable systems like geothermal heat pumps.
Tax Deductions: Realize near-term financial relief and accelerate ROI by deducting the cost of advanced building improvements and qualifying Trane HVAC technologies from your taxable income.
Tax-Assessed Financing (C-PACE): Preserve capital and optimize cash flow by financing energy upgrades through Commercial Property Assessed Clean Energy (C-PACE) programs, spreading long-term costs directly across property tax assessments.

Notable Tax Incentives for Buildings & Systems

Energy Investment Tax Credit (48 ITC): Now offers a credit value of up to 70% of the total cost of energy property projects that include thermal energy storage, solar, geothermal heat pumps, among other factors. Note in 2025 the ITC converted to tech-neutral structure (Sec. 48E) and will be open to other technologies deemed zero emissions. Initial guidance can be found here.
Tax Cuts & Jobs Act of 2017: Temporarily expanded bonus depreciation of 80% for eligible projects completed between Jan. 1-Dec. 31, 2023 — reduced by 20% each subsequent year through Jan. 1, 2027.

What does Trane offer that qualifies for incentives?

Whole-building rebates & services: Energy services/funding guidance

Energy Efficiency incentives help building owners reduce energy consumption and costs through upgrades like efficient lighting, HVAC systems, and insulation, while also lowering their environmental impact.
Energy Generation incentives support the adoption of renewable energy technologies such as solar panels and wind turbines, promoting clean energy production and long-term savings.
Load Shifting incentives encourage adjusting energy use to off-peak times or using energy storage systems, leading to cost savings and enhanced grid stability.

HVAC equipment rebates: Packaged units, rooftop units, heat pumps, VRF, chillers, rooftop units
Controls & BAS rebates: Incentives for advanced controls, Tracer® SC+, Trane® Connect™, BMS/automation and fault detection/optimization
Lighting rebates: Prescriptive rebates for LED and controls
Energy storage & thermal batteries: Incentives for thermal storage and battery systems
Renewables (solar, DER): On-site PV and net metering incentives

Featured Customer Story

New York City: 55 Water Street Heat Recovery System

To comply with strict emissions laws under New York City's Local Law 97, the 55 Water Street building worked with Trane on a heat recovery system upgrade.

Tax credits: The project qualified for approximately $9 million in tax incentives.
Utility rebates: The building unlocked roughly $5.5 million in utility rebates.
Cost avoidance: In addition to incentives, the building now avoids $1.2 million in annual fines.
Energy savings: The new system reduced steam usage by 70% and lowered the building's overall energy intensity by nearly 20%.