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Installing an HVAC system is an expensive home improvement, but it often pays off in dividends, especially if you invest in energy efficiency. Several Oklahoma HVAC rebates and rebate programs are available to eligible homeowners seeking to bolster their home’s energy efficiency, including:

• Ways to save through the Inflation Reduction Act (IRA)
• Additional rebate programs
• Other ways to save on energy bills

Stay tuned as we dive into how you can make your home more energy-efficient and cost-effective with these financial aids.

Call Prudhom Mechanical for Your Next HVAC Installation

At Prudhom Mechanical, our customers always come first, and we’re committed to your comfort. Since 2003, our prompt, professional, and friendly service has amassed a 5/5 Google rating, and we’re ready to continue that flawless track record with your heat pump installation.

Ways to Save Through the Inflation Reduction Act (IRA)

The Inflation Reduction Act of 2022 provides federal support to incentivize clean energy by providing several rebate opportunities, including some targeted toward heat pumps and HVACs.

High-Efficiency Electric Home Rebates (HEEHRA)

HEEHRA offers consumer rebates to households with low or moderate incomes as part of the IRA. It covers 100% (with a maximum of $14,000) of electrification project costs for low-income households. Moderate-income households can receive coverage for 50% of costs, also up to $14,000.

This funding can be used for both purchase and installation costs and acts as a discount while making the final purchase.

HOMES

Also included in the IRA, HOMES provides homeowners with rebates for certain eligible home weatherization and electrification costs. This includes upgrading to a heat pump or insulating your home. It’s overseen by State Energy Offices across the country.

This program allows for individual household retrofit rebates of between $2,000 and $4,000, depending on how much the retrofit reduces energy usage.

Additional Rebate Programs

Other federal and local rebate programs may also help you cut down the cost of your HVAC installation.

Federal Tax Credits

Federal tax credits also help further cut costs for Oklahoma homeowners. Through 2032, homeowners can receive a 30% credit (up to $3,200) annually if they make energy-efficient home upgrades.

Beyond that, the Residential Clean Energy tax credit has been modified and extended. This allows homeowners to take a 30% tax credit for clean energy equipment through 2032. In 2033 and 2034, the credit drops down to 22%. This particular credit applies to upgrades such as geothermal heat pumps.

Utility Company Programs

Various utility companies may provide their own rebates across Oklahoma. Oklahoma Electric Cooperative, for example, offers several rebates for heat pumps, including up to $750 for new builds for a heat pump HVAC with a 15 SEER rating.

Northeast Oklahoma Electric Cooperative offers a $150 per ton (up to 10 tons for a residential building) dual-fuel heat pump rebate as long as it meets all eligibility requirements. The heat pump must be installed by a certified dealer and have an ENERGY STAR +2 SEER rating of 17. Similar rebates are available for air source heat pumps and mini split heat pumps.

Weatherization Rebates

Weatherization programs and rebates can also cover the costs related to HVAC improvements, repairs, and maintenance that also increase energy efficiency. Oklahoma participates in the Department of Energy’s Weatherization Assistance Program, a federal program designed to help low-income households keep an energy-efficient home. Participation is based on income eligibility, and preference is given to Oklahomans over the age of 60, families with members who have a disability, and families with children.

Utility companies sometimes offer their own weatherization programs that have different eligibility guidelines. The OG&E weatherization program, for example, assists all customers who rent or own a single-family, duplex, or mobile home and earn less than $60,000 annually with weatherization at no cost. Participation in this program often includes services such as duct sealing alongside other improvements like attic insulation and sealing leaks around windows and doors.

Other Ways to Save on Energy Bills

Several other ways can help you save on your energy bills, including:

• Request an energy audit. You can reduce your overall cost by identifying and repairing areas where your home wastes energy, such as leaky windows or faulty ducts.
• Keep up with general HVAC maintenance, including changing your air filter frequently and cleaning out ducts. This helps your HVAC remain as efficient as possible.
• Pair your HVAC with a smart thermostat. Many smart thermostats learn your preferences and optimize a heating and cooling regimen that boosts efficiency.

Trust Prudhom Mechanical to Get the Heat Pump Job Done Right the First Time

No one wants to deal with costly repeat labor. That’s why we get the job done right the first time that we’re out for a heat pump installation. You’ll get an honest, upfront price and a heat pump that works just as hard as we do to keep you comfortable.