Upgrading your HVAC system can be a major investment, even if it is an investment that leads to energy bill savings for years to come.  Take advantage of available rebates, tax credits and other special financing to help reduce the upfront cost.

Rebate Incentives 

Rebates may be available through your local utility company. Visit the ENERGY STAR Rebate Finder and enter your zip code to see what incentives are available in your area.

Federal Tax Credits 

ENERGY STAR certified heat pumps now qualify for a tax credit of 30% up to $2000. Learn more about this tax credit.

Assistance for Low-to-Moderate Income Families

• The Department of Energy offers a Weatherization Assistance Program (WAP) available for households that qualify for Supplemental Security Income, Aid to Families with Dependent Children, and other income eligibility criteria. This program includes a home energy assessment and help with weatherization upgrades, like fixing or replacing old windows or water heaters.
   

• The Low Income Energy Assistance Program (LIHEAP) offers help with home repairs and upgrades based on household size and income. For example, a 4-person household with an annual income of $39,750 would qualify for LIHEAP.  
   

• Your local electric utility may offer energy efficiency upgrade support for low-income customers. When available, these programs typically include a home energy assessment accompanied by direct install of energy saving devices including ENERGY STAR certified smart thermostats. Like LIHEAP and WAP, eligibility is usually based on household size and income in relation to a percentage threshold above the Federal Poverty Level or Area Medium Income (AMI). Depending on where you live, these programs may be working with state agencies who provide low-income services more broadly. A small but growing number of utility companies are paying for ENERGY STAR Home Upgrade packages, which customers pay back over time via a charge on your utility bill. This method of payment for upgrades is tied to location and will not follow you or your credit if you move. Importantly, the energy savings from the upgrades should result in a lower bill overall. Ask your utility what programs they offer to help you with the ENERGY STAR Home Upgrade.*

Be sure to ask McCoy’s about any potential incentives or promotions that may apply to your purchase, as new options are regularly available.