With new legislation incentivizing homeowners to make energy-efficient upgrades, there’s never been a better time to invest in a new home comfort system. With available tax credits and rebates, property owners in St. Peters will receive funds to offset the expense of installing new equipment that will not only improve their comfort but also lower their energy bills over time.

In this article, the HVAC experts at Jerry Kelly discuss the various ways that Missouri homeowners can save on eco-friendly HVAC upgrades, along with the benefits of switching to these modern systems.

Save on HVAC Costs With the Inflation Reduction Act

The Inflation Reduction Act (IRA) was signed in 2022 and provides federal funding to help homeowners across the country make energy-efficient upgrades to their homes that will help combat our current climate crises. This includes the Energy Efficient Home Improvement Tax Credit, which provides tax credits for qualified expenditures, including furnaces, air conditioners, and heat pumps.

Which HVAC Rebates Are Available?

The $740 billion legislation offers a variety of tax credits for homeowners, including:

  • Geothermal Heat Pumps Tax Credit: ENERGY STAR®-certified geothermal heat pumps may be eligible for a tax credit of up to 30% of installation costs.
  • Energy Efficient Home Improvement Credit: The Energy Efficient Home Improvement Credit allows up to $3,200 in annual tax credits for qualified energy efficiency improvements. This includes up to $600 for central AC and boilers and $2,000 for heat pumps.
  • Residential Clean Energy Credit: This clean energy tax credit is available to homeowners who install geothermal heat pumps. It’s worth 30% of the cost of installation and has no annual cap.

Missouri-Specific HVAC Rebates

In addition to federal tax credits, there are a variety of state and local incentives to help homeowners save on new, efficient HVAC systems:

  • Ameren Missouri Heating and Cooling Program: Residential electric customers may qualify for rebates of up to $900 on air-source heat pumps, up to $1,800 on geothermal heat pumps, up to $700 on central AC, and up to $100 on smart thermostats.
  • Ameren Missouri Natural Gas Rebate Program: Residential natural gas customers may qualify for rebates of up to $300 on boilers and furnaces.
  • Cuivre River Rebates: Cuivre River Electric Cooperative (CREC) customers may be eligible for rebates of up to $750 per ton on geothermal heat pumps and up to $150 per ton on dual-fuel heat pumps.

5 Benefits of Upgrading to an Energy-Efficient HVAC System

There’s never been a better time to invest in your home with new, energy-efficient HVAC equipment. Benefits of these modern home comfort systems include:

  • Lower energy costs: Homeowners who upgrade will see long-term savings due to reduced energy usage and lower energy bills.
  • Improved comfort: New efficient systems are better able to maintain consistent temperatures in your St. Peters home to ensure your total comfort.
  • Reduced carbon footprint: Less energy consumption means lower greenhouse gas emotions and a reduced impact on the environment.
  • Better air quality: These modern systems include more advanced filtration and ventilation systems that improve indoor air quality.
  • Increased home value: New, energy-efficient HVAC systems are a major selling point for home buyers and will make your home more appealing.

Choose Jerry Kelly for HVAC Replacements in St. Peters, MO

If you’re ready to upgrade your HVAC to a more energy-efficient system, trust Jerry Kelly to provide you with superior replacement services. Our team of experts can help you choose a system that will meet your unique needs and qualify for some of these unmatched rebates and incentives. Plus, with our coupons and military, veteran, and senior discounts, there are even more ways to save.

Take advantage of these savings by calling Jerry Kelly today to schedule HVAC replacement services for your St. Peters home.

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