Articles Tagged with ''rebates for HVACR''

HVAC manufacturers had seats at the table during the White House Electrification Summit, which focused on the electrification of transportation and building systems.

With Republicans taking control of the U.S. House of Representatives for at least the next two years, there could be attempts to alter, or even repeal, measures that affect the HVAC industry.

Joe Manchin is the political bridge between the fossil-fuel technology that still powers most heating and cooling systems in the U.S. and new energy technology that has not fully emerged.

The HVAC industry is pretty excited about all the tax credits and rebates that are being offered currently, so now is the time for contractors to lobby their state’s energy office to make sure that their state is applying for IRA money.

Since President Joe Biden invoked the DPA back in June 2022, HVAC-related energy efficiency incentives and renewable energy technology, have made their way into the spotlight. Many of those who work in the geothermal industry have been “waiting for this day” for decades.

During the shoulder season, HVAC contractors can focus on business fundamentals, inventory, training, and maintenance to stay busy and generate revenue.

Homeowners looking to add solar, EV chargers, high-efficiency heat pumps, and more will soon have access to numerous tax incentives and rebates. HVAC contractors may want to consider offering more of these products and services.

While the IRA includes tax incentives and rebate programs that should benefit the HVACR industry, some officials are wary of provisions they say could result in auditing hassles — and perhaps increased expenses — for their membership.

Given all the current uncertainties in the marketplace, many contractors believe the time to buy a new system may be now, despite industry regulations.