Tax Credits & Rebates
Maximize your savings on a new HVAC system with rebates, tax credits, and special offers – including new incentives from the Inflation Reduction Act. Your wallet will thank you.
Inflation Reduction Act
Recent legislation changes means your HVAC upgrades may offer you more than energy savings. Discover how the IRA offers homeowners money back on energy-efficient HVAC purchases.
Special Offers
Unlock rebates and tax credits on select HVAC products. Learn how to apply for a tax credit and discover how energy-efficient rebate programs help you save money and the planet.
Manufacturer Certificates
Learn your tax savings potential this season by discovering which RunTru residential products qualify for tax credits. Download specific product certificates to use during tax season.
What is the Inflation Reduction Act?
The Inflation Reduction Act (IRA) which was signed in August 2022, dedicates nearly $370 billion to climate and energy programs. The act incentivizes and rewards homeowners who purchase qualifying, high-efficiency HVAC systems.
For eligible equipment installed after Jan. 1, 2024
The Inflation Reduction Act expanded and renamed the 25C tax credit, known as the Energy Efficient Home Improvement Tax Credit, to offer higher incentives and annual (not lifetime) limits to eligible homeowners with qualifying equipment installed January 1st, 2023 through December 31st, 2032.
Homeowners who meet the requirements may be eligible to claim up to 30% of the installed cost of qualifying systems (up to $1,200 maximum) including:
- Up to $2,000 for qualified heat pumps
- Up to $600 for qualified air conditioners
- Up to $600 for qualified furnaces
- Up to $600 for electrical upgrades to enable heat pump installation
Note: The maximum 25C tax credit amount is $3,200 when a qualifying heat pump is included in the purchase.
Special offers in your area
How do I apply for a tax credit?
Subject to IRS regulations, tax credits apply as a direct reduction of taxes owed.
The IRS has directed taxpayers to use Form 5695 to calculate and file for their residential energy credits. Customers should consult with a tax professional to fully understand how the tax credits may apply to you, what you can do to obtain one, and for advice on tax preparation.
What are rebate programs?
In addition to tax credits, rebate programs offered by state programs and local utilities might be another way to save on HVAC systems.
Rebate programs vary by state and income. To learn more about rebate programs you might qualify for, talk to a representative from your state’s energy office.
Manufacturer Certificates
The below RunTru residential products qualify for a tax credit. Save these certificates for tax season and use
them when you file your federal taxes.
Split system heat pump
To be eligible for 2024 tax credits, you must meet 25C requirements based on system type and installed location:
- Split system in the south: 15.2 SEER2, 12.0 EER2, 7.8 HSPF2
- Split or packaged system in the north : 15.2 SEER2, 10.0 EER2, 8.1HSPF2, COP of 1.75 at 5F and heating capacity ratio >58% at 17°F/47°F or >70% at 5°F/47°F
Split system air conditioner
To be eligible for 2024 tax credits, you must meet both the 25C requirements of 16 SEER/12 EER.
To learn more about qualifying products and government energy-efficiency standards, visit the
Federal Tax Credit page on the Energy Star website.
The Inflation Reduction Act, 2022 (P.L. 117-169) amended section 25C of the tax code, which provides tax credits for the installation of “qualified energy property” for residential heating and cooling equipment meeting or exceeding the highest efficiency tier (not including any advanced tier) established by the Consortium for Energy Efficiency (CEE). RunTru, a brand of Trane U.S. Inc., certifies that the products or system families listed below include models that meet the efficiency requirements according to the Air Conditioning, Heating & Refrigeration Institute’s (“AHRI”) system rating process when installed as part of a matched system, that may be eligible for the 2024 section 25C tax credit if placed in service by December 31, 2024. Confirm eligibility of your model and/or system combination by visiting https://www.regulations.doe.gov/product-lookup/central-air-conditioners or by contacting your installing dealer.
