Rebates and tax credits near you
Unlock rebates and tax credits on select products.
What are rebates?
Rebates are location-based incentives that help you save money while making smarter energy choices with your HVAC system. Enter your zip code, discover how much you can save, and apply through your local power provider.
What are tax credits?
Purchasing certain HVAC systems or making other energy-related improvements to your home may qualify you for federal tax credits. Before you buy, research which Trane products let you save with federal tax credits.
Inflation Reduction Act Incentive Details
Great news for homeowners!
Recent legislation changes may mean that upgrading your HVAC system may not only save you energy costs, but also earn you tax credits and rebates.
- If you installed eligible HVAC equipment before December 31st, 2022, you may be eligible for tax credits of $50 to $300 or up to 10% of the installed costs ($500 maximum) under the former Internal Revenue Code 25C guidelines.
- If you installed/will install eligible HVAC equipment between January 1, 2023, and December 31, 2032, you may be eligible for tax credits up to 30% of installation costs (up to $1,200/year) under the expanded Energy-Efficient Home Improvement Tax Credit 25C program.
Other changes to the 25C tax credit include:
- Qualified heat pumps have a separate yearly limit of up to $2,000.
- Air conditioners and furnaces that meet eligibility requirements may qualify for up to $600 each.
Note: The maximum 25C tax credit amount is $3,200 when a qualifying heat pump is included in the purchase.
As part of the Inflation Reduction Act (or IRA) signed in August of 2022, nearly $370 billion have been set aside to incentivize residential energy-efficient purchases. The Internal Revenue Code Section 25C credit was significantly enhanced as of January 1, 2023, offering greater savings to homeowners—in addition to the utility bill savings associated with energy-efficient HVAC systems.
Learn more about the Inflation Reduction Act's Energy Efficient Home Improvement Tax Credit (25C).
Please note: Specific information regarding the qualified systems and how to claim Home Improvement Tax Credits for 2023 and beyond is forthcoming pending the release of application instructions from the IRS.
Local energy efficiency rebate programs:
Your state or local municipality may offer additional rebate programs relating to energy-efficient upgrades. Use the EcoRebates search tool at the top of this page to discover additional rebates available in your area.
Please note: The rebate programs vary from state to state, and can differ depending on your income.
How to apply for a federal energy tax credit
Subject to IRS regulations, tax credits apply as a direct reduction of taxes owed. To apply, follow these steps. Note: The process outlined below is for the filing process for equipment installed prior to December 31st 2022. The IRS has not yet defined the process for 2023. Check back for updates.
Download and save the manufacturer certificate that matches your system type. These certificates will be helpful when filing your federal taxes 2023.
Heat pump unit manufacturer certificate
Your heat pump or dual fuel system must meet or exceed these efficiency ratings that vary based on system type and installed location:
|Heat Pump Type
|Split system in the south
|15.2 SEER2, 12.0 EER2, 7.8 HSPF2
|Packaged system in the south
|15.2 SEER2, 11.5 EER2, 7.2 HSPF2
|Split or packaged system in the north
|15.2 SEER2, 10.0 EER2, 8.1HSPF2, COP of 1.75 at 5F and heating capacity ratio >58% at 17°F/47°F or >70% at 5°F/47°F
Gas furnace manufacturer’s certificate
Gas furnaces use natural gas or propane to generate heat for your home. Your system must meet the following efficiency rating: 97% AFUE
Air conditioner manufacturer certificate
The air conditioner in your system must have both efficiency ratings per system type:
|Air Conditioner Type
|16.0 SEER2, 12.0 EER2
|15.2 SEER2, 11.5 EER2
Contact a local dealer
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