Guide to 2023 HVAC Rebates and Tax Credits - Utah

 

Guide to 2023 HVAC Rebates and Tax Credits - Utah

As you can see below, there are many different rebates and tax credits for HVAC equipment this year. You will need your new equipment installed by a licensed, professional contractor to qualify for these incentives. The contractor must also be on the list of approved companies on the Wattsmart website to qualify.

A free consultation from Home Performance Pros can help you decide which option is best for your home, and help you maximize the money you can get back this year.

What is a heat pump? 

A typical heat pump in Utah looks like an air conditioner, with a condenser outside connected with refrigerant lines to a coil inside above the furnace. The difference is that in the winter time, the heat pump will reverse its function, transferring heat from outside to inside the home.

How does it work? 

A heat pump collects heat from outdoors and transfers it indoors. When your home needs cooling, the process works in reverse.

When should I get a heat pump? 

If your current HVAC system is 10-15+ years old or is showing signs of failure, such as unusual noises, frequent breakdowns, or decreased efficiency.

How easy is it to install? 

The process is similar to an air conditioner unit install and can be done in 1 day.

How much is it going to cost? 

Upfront, just a little bit more than a standard air conditioner. Rocky Mountain Power, Dominion Energy rebates, as well as federal tax credits are available to make it the most efficient, most affordable option for the long run.

Are there benefits besides energy savings? 

Yes! Heat pumps contribute to better indoor and local outdoor air quality, and they provide increased comfort in your home.

How much can I get back in rebates and tax credits? 

Here is one example of what you can get back on a full HVAC system upgrade:

High-efficient heat pump installed w/qualifying evap. coil, 97% efficient furnace, and a smart thermostat:     Qualifies for $5,550 in rebates and tax credits!*

Here's the breakdown: $2,600 tax credit + $1,875 Wattsmart rebate + $1,075 ThermWise rebate = $5,550*

Call HPP now for a free consultation @ 385-503-7767 or book online.

Rocky Mountain Power—Wattsmart Rebates

 

· Dual Fuel Heat Pump—Tier 1 = $1,600

(10 HSPF 16 SEER) or (8.5 HSPF2 / 15.2 SEER2) > with 80 AFUE Furnace

(9 HSPF, 15 SEER) or (7.5 HSPF2, 14.3 SEER2) > with 90 AFUE Furnace

· Dual Fuel Heat Pump—Tier 2 = $1,800

(12 HSPF 18 SEER) or (10.2 HSPF2 / 17 SEER2) > with 80 AFUE Furnace

(9.5 HSPF, 16 SEER) or (8.1 HSPF2, 15.2 SEER2) > with 90 AFUE Furnace

· Ductless Heat Pump—Supplemental (9.0 HSPF/16 SEER) or (8.1 HSPF2 / 16 SEER2) = $600

· Ductless Heat Pump—Electric Heat Conversion—up to $1,700

· ECM on Existing Furnace—up to $100

· Smart Thermostat—up to $75

 

Dominion Energy—ThermWise Rebates

 

· Dual Fuel Heat Pump—Tier 1—HSPF 9 +, SEER 14 +, w/Energy Star Gas Furnace = $1,000

· Dual Fuel Heat Pump—Tier 2—HSPF 10 +, SEER 18 +, EER 11.5 +, AFUE 97.5 + = $1,200

· Gas Furnace—AFUE 95%-97.4% = $300

· Gas Furnace—AFUE 97.5% + = $350

· Smart Thermostat w/Geofencing = $50

· Smart Thermostat w/Occupancy Sensor = $75

 

Federal Tax Credit

 

· Air Source Heat Pump—EER2 10 + = $2,000

· Ductless Heat Pump—SEER2 16 +, EER2 9 +, HSPF2 9.5 += $2,000

· Central AC—SEER2 16 + = $600

· Gas Furnace—AFUE 97% + = $600

· Annual Tax Credit Limit = $3,200 ($2,000 HP + $1,200 Furnace and AC)

 

*Restrictions apply. Speak with an associate for details/equip. matchups.