Federal Tax Credits
The Inflation Reduction Act of 2022 includes tax credits that reward homeowners for purchasing certain high-efficiency HVAC equipment.
There’s Never Been a Better Time to Buy Our Highest Efficiency Systems.
Our highest-efficiency heating and cooling systems offer several homeowner benefits. From energy savings, to comfort-enhancing Evolution™ System technologies, to longer component-specific warranties, there's a lot to like. And now there’s another potential benefit, thanks to Uncle Sam: the Inflation Reduction Act of 2022.
What is the Inflation Reduction Act?
To help reduce the effects of inflation, the U.S. Government has passed the Inflation Reduction Act of 2022. Of particular interest to homeowners, this act includes a number of tax credits for the installation of ENERGY STAR® certified home heating and cooling products. These include:
| 25C Tax Credit | Product | Offering | Region | SEER2 | EER2 | HSPF2 | COP @ 5F | Capacity Ratio (17F/47F) | Capacity Ratio (5F/47F) | Other Requirements |
|---|---|---|---|---|---|---|---|---|---|---|
| Up to $2,000 | Heat Pumps | Split Ducted Heat Pump | North | ≥15.2 | ≥10 | ≥8.1 | 1.75 | 58% | 70% | Choice of capacity ratio |
| South | ≥15.2 | ≥11.7 | ≥7.8 | - | - | - | - | |||
| Non-Ducted Heat Pump | North | ≥16 | ≥9 | ≥9.5 | 1.75 | 58% | 70% | Choice of capacity ratio | ||
| South | ≥16 | ≥12 | ≥9 | - | - | - | - | |||
| Packaged Heat Pump | North | ≥15.2 | ≥10 | ≥8.1 | 1.75 | 58% | 70% | Choice of capacity ratio | ||
| South | ≥15.2 | ≥10.6 | ≥7.2 | - | - | - | - | |||
| Up to $600 | Air Conditioners | Split AC | Nationally | ≥16 | ≥12 | - | - | - | - | - |
| Packaged AC | Nationally | ≥15.2 | ≥11.5 | - | - | - | - | - | ||
| Up to $600 | Furnaces | Gas-Fired Forced Hot Air | Nationally | - | - | - | - | - | - | ≥97% AFUE |
Subject to change: While the 2023 benefits of Section 25C are known for the 2023 tax year and beyond, the criteria to qualify for credit(s) are not yet finalized by the IRS and the above is subject to change based on whether the IRS will adopt the full CEE Criteria.
Provides a tax credit to homeowners equal to 30% of installation costs for ENERGY STAR® tier products until 2032. That percentage drops to 26% in 2033 and 22% in 2034.
Provides income-depending rebates to eligible homeowners including:
- Up to $8,000 for all-electric Heat Pumps
- Up to $4,000 for electrical load service center
- Up to $2,500 for electric wiring
- Up to $14,000 maximum for all
Bryant’s EcoHome program offers 0% same as cash financing available so you can make monthly payments on high efficiency equipment YOU want.1 Ask about bundling opportunities with factory rebates, state and local government rebates, and the Inflation Reduction Act. Call your local Bryant Factory Authorized dealer today!
Want to know more about Bryant energy-efficient
products that may qualify for tax credits?
1 Subject to credit approval. Ask for details
