HVAC Discounts, Coupons and Rebates (2024 Savings Guide)

Does the thought of replacing your HVAC system send shivers down your spine? HVAC replacement, often an unplanned cost due to a sudden breakdown, is a significant financial investment, after all.

Similar to using coupons or promo codes for everyday purchases, homeowners can also tap into potential savings through various HVAC discounts, coupons, tax credits, and rebates. These savings – offered by manufacturers, utility companies, and government programs – can offset some of the costs of replacing your HVAC system.

In this HVAC savings guide, HVAC.com explores where homeowners can find these money-saving opportunities to make HVAC repair, replacement, and installation more affordable.

Utility Company Incentives

Some local utility companies offer incentive programs to encourage homeowners to make energy-efficient upgrades. This might include rebates for installing high-efficiency air conditioners or heat pumps, adding or upgrading insulation, or buying smart thermostats. Other discounts may be available for energy audits or duct sealing.

Visit your local utility company’s website or contact them directly to learn more about potential HVAC rebates.

Manufacturer Rebates and Promotions

Just like auto companies heavily promote hot deals with TV and radio ads to unload their inventory, many HVAC manufacturers also offer rebates and promotions to incentivize homeowners to upgrade to energy-efficient systems, thus increasing sales.

You can find potential manufacturer rebates by going to the company’s websites or reaching out to local HVAC dealers. HVAC rebates often apply to high-efficiency furnaces, air conditioners, heat pumps, and smart thermostats.

Government Tax Credits and Rebates

Another avenue for savings is through the federal government's Inflation Reduction Act of 2022, which offers tax credits for high-efficiency HVAC systems. As of May 2024, New York is the only state to have funding available. Several other states have submitted applications that are awaiting approval.

When/if your state receives funding, the following tax credits may be available.

• Heat pumps. Homeowners can receive a tax credit of up 30% of the total cost of buying and installing a ducted or non-ducted (mini-split) heat pump, up to $2,000. Heat pumps must have a minimum SEER2 rating of 16 to qualify.
• Air conditioners. You can claim a tax credit of 30% of the project’s cost, up to a maximum amount of $600, for a new central air conditioner with a SEER2 of 16 or higher.
• Furnaces. A 30% tax credit up to $600 is available for natural gas or oil furnaces. Models with an Annual Fuel Utilization Efficiency (AFUE) rating of 97% or higher are eligible.
• Boilers. Natural gas, propane, or oil boilers with an AFUE of 95% or higher are eligible for a 30% tax credit on the project’s total cost, with a maximum of up to $600.

HVAC Dealers and Contractors

Many HVAC dealers and contractors offer furnace and AC discounts, coupons, or promotional offers to attract new customers or lure repeat business, especially during the shoulder season in spring and fall when they’re not as busy. These discounts may include special pricing on new HVAC systems or discounts on service calls or maintenance contracts.

To save you time and money, HVAC.com can provide an honest quote and connect you with a highly rated dealer in your area to perform the install.

HVAC.com Saves Homeowners an Average of 20% on HVAC Replacement

To experience a refreshingly different approach to buying a new HVAC system, visit HVAC.com.

After completing just 4 easy steps, you’ll receive a comprehensive, yet easy-to-understand, HVAC quote via email within 24 hours. A Technical Advisor for HVAC.com will then walk you through the quote and find a top-vetted installer in your area to work on the project. Your Technical Advisor manages the installation from start to finish to ensure the work is done correctly and completely, providing you with peace of mind.

On average, homeowners save about 20% on their HVAC projects when they partner with HVAC.com.