Promotions and incentives are always changing. Here are the most current ...
HVAC INCENTIVE PROGRAM
If you're considering either a new or replacement heating and cooling system in your home, SWEPCO will help pay for the purchase and installation of high efficiency heat pumps and air conditioning units. These high efficiency units can dramatically increase the comfort level in your home while lowering your SWEPCO bill.
For Texas customers, SWEPCO will pay up to $3,500 for a qualifying unit.
HOW TO PARTICIPATE
SWEPCO relies on a network of approved contractors to help customers install a high efficiency air conditioning system.
Step 1. Set up an appointment with us to get a quote on the recommended high efficiency air conditioning system for your home.
Step 2. Review your quote. Be sure to agree on a price, warranty and any other concerns you may have before any work begins on your home. The SWEPCO Energy Efficiency Incentive will be included in the quote. If you do not agree with the quote, you do not have to move forward with the work.
Step 3. The contractor performs the installation. We may contact you for feedback on your program experience and for an inspection to verify the work was performed to our program standards.
Step 4. Enjoy saving energy and money with your new energy efficient air conditioning system!
Federal Tax Credit
Exciting HVAC Incentives for Homeowners!
Ready to support the environment while tapping into lower energy bills? Thanks to the Inflation Reduction Act (IRA), investing in an energy-efficient HVAC system is more affordable than ever. This act allocates nearly $370 billion to climate and energy programs, and homeowners who invest in eligible HVAC systems may qualify for incentives that benefit both their wallet and the planet.
Homeowners who install a qualifying HVAC system:
Before December 31st, 2022, and meet the Energy-Efficient Home Improvement Tax Credit (25C) requirements may be eligible for a tax credit between $50 to $300, or up to 10% of the installation costs ($500 maximum).
From January 1, 2023, to December 31, 2032, may be eligible for higher incentives under the expanded the Energy-Efficient Home Improvement Tax Credit (25C). Savings are available nationwide and include:
Up to $2,000 for a qualified heat pump
Up to $600 for qualified air conditioners
Up to $600 for qualified furnaces