Can You Deduct HVAC Services From Taxes?

Whether you recently purchased a new HVAC system in O’Fallon, MO or are getting ready to, there are ways to offset the cost beyond the sticker price. For instance, if you bought a new HVAC system from Swiss Air Heating & Cooling, LLC, you may be able to take advantage of utility rebates, manufacturer promotions, or federal tax incentives. Keep your HVAC paperwork together, including your receipts, so you can take advantage of any benefits for which you are eligible. Here’s what else you need to know.

Utility and Manufacturer Rebates

Local utility providers and equipment manufacturers periodically offer rebates for homeowners who upgrade to high-efficiency HVAC equipment. Ameren Missouri and Spire both offer rebate programs for qualifying high-efficiency systems, and manufacturers frequently run their own seasonal promotions on top of those. Because these programs change throughout the year, the best way to know what applies to your specific installation is to ask your installer directly, or to check with your utility provider before you buy.

Home Energy Audits

Having a professional HVAC company perform a home energy audit can help you identify the most cost-effective improvements for your home, whether that means a new HVAC system, additional insulation, or other upgrades. Some utility providers offer a rebate or discount on the audit itself, so it is worth asking when you schedule one.

Proving Eligibility

Whichever program you pursue, you will need to provide the manufacturer’s certification showing your new unit’s Seasonal Energy Efficiency Ratio (SEER). As of 2023, the U.S. government updated its ranking to SEER2. O’Fallon is located in the North Region, which means your units must have a minimum SEER2 of:

• Split System Air Conditioners: 13.4 or higher
• Split System Heat Pumps: 14.3 or higher
• Single Packaged Units: 13.4 or higher

Federal Tax Incentives Change Frequently

Federal tax incentives for HVAC upgrades have existed in various forms over the years, but the rules, amounts, and eligibility requirements change often, and not every program is available every year. Rather than rely on outdated information, the most reliable way to find out what, if any, federal incentives currently apply to your purchase is to consult a qualified tax professional or check the IRS website directly at tax time.

Purchase a New HVAC System in O’Fallon

Swiss Air Heating & Cooling, LLC has served the O’Fallon area since 1989. We offer a full line of HVAC-related services, including heating installation and repairs, heat pumps and central AC. We’re proud to have an A+ rating from the Better Business Bureau. We care about your peace of mind, your home and your bottom line and your home’s indoor air quality.

Are you in the market for a new HVAC system? Turn to Swiss Air Heating & Cooling, LLC in the O’Fallon area! We’ll help you understand the rebates and financing options available for your upgrade.