Inflation Reduction Act
As an experienced homeowner, you always want to improve your comfort and save money. The Inflation Reduction Act (IRA) gives you a winning strategy to do both.
Signed into law in August 2022, the Inflation Reduction Act provides tax credits and rebates to encourage Wisconsin homeowners to swap out their old fuel-burning appliances for high-efficiency equipment that does a better job at a lower operating cost.
Now is the perfect time to replace your aging equipment—or upgrade to a heat pump to take advantage of tax incentives*.
Contact us today to schedule a free no obligation, in-home estimate.
Please consult a tax professional with specific questions.
Here is a closer look at the tax credits:
Tax Section
25C
2022 Tax Credit Details
10% of cost up to $500
Air Conditioners
- Up to $300 tax credit
Heat Pumps
- Up to $300 tax credit
Gas Furnaces and Boilers
- Up to $150 tax credit
Advanced Main Air Circulating Fan
- Must use no more than 2% of furnace's
total energy, up to $50 tax credit
2023-2032 Tax Credit Details
30% of cost up to $1,200 ($2,000 for Heat Pump)
Products must be in the highest efficiency CEE tier
Air Conditioners
- Up to $600 tax credit
Heat Pumps
-Up to $2,000 tax credit
Gas Furnaces and Boilers
- Up to $600 tax credit
Advanced Main Air Circulating Fan
- Must use no more than 2% of furnace's
total energy, up to $50 tax credit
Tax Section
25D
2022-2034 Tax Credit Details
Geothermal Heat Pumps
- 30% for systems placed in service
during calendar year 2022 through
calendar year 2032
- 26% for systems placed in service
during calendar year 2033
- 22% for systems placed in service
during calendar year 2034
Tax Section
45L
2022-2032 Tax Credit Details
Single Family
- Single Family New homes -
$2,500 tax credit
- Zero-energy Single Family New
Homes - $5,000 tax credit
Multifamily
- Multifamily Units - $500 tax credit
- Zero-energy Multifamily Units
- $1,000 tax credit
Need HVAC Service?
Contact the experts at Interstate Heating Co.
Call us at 262-246-4772!