HVAC Tax Credits & Rebates In Indiana: Explained
Emergency Service
Heating, cooling, and plumbing emergencies happen when you least expect them. Contact the professionals at Masters Heating & Cooling to investigate and resolve the issues you're dealing with. We have the necessary skills and tools to fix your system so you can safely use it once again. Call us at 866-824-4328 to get emergency HVAC or plumbing services in Central & Northeast Indiana.

Indiana Heating & Cooling Rebates & Incentives for Homeowners: A Guide

Masters Heating & Cooling technician speaking with a homeowner about upgrading their HVAC system

If you’re one of the many homeowners who’ve put off investing in new energy-efficient heating and cooling equipment due to the expense, now is an excellent time to make the move. Current generous home rebates in Indiana make upgrading and improving your home’s air conditioning and heating systems easier than ever. These HVAC tax rebates are designed to help residents transition to clean energy in a simple and financially feasible way.

The HVAC professionals at Masters Heating and Cooling can answer all your questions about which equipment qualifies and what steps you need to take to reap the benefits you’re entitled to.

Inflation Reduction Act: What It Is & What It Means for You

Enacted in 2022, the IRA addresses climate change concerns and helps the country meet its 2030 sustainability goals and 2050 net zero goals. It allocates approximately $500 billion in clean energy technologies and other resources to improve energy efficiency and reduce greenhouse gas emissions by more than 40%. The bill has already created over 170,000 jobs, with experts predicting it could bring up to 24,000 jobs to Indiana over the next five to six years.

Current federal rebates and incentives cover 50% to 100% of the cost of purchasing and installing eligible ENERGY STAR® appliances and include:

There are tax credits of 30% for home improvements that mitigate energy leakage, such as insulation and air sealing, and 30% tax credits of up to $3,200 for energy-efficient heating and cooling equipment upgrades. As of 2023, certain water heaters also qualify for tax credits up to $2,000.

HVAC Updates & Rebates for Northeast Indiana Residents

Depending on where you live and your utility provider, you could qualify for numerous efficient HVAC tax incentives offered by the state, including:

  • Heat pump installation: Save up to $300 in rebates depending on the SEER rating and type of heat pump you install.
  • Dehumidifier installations: Installing an ENERGY STAR-rated dehumidifier could qualify for a $10 rebate.
  • Natural gas furnace installations: Furnaces with an AFUE rating higher than or equal to 95% can qualify for a $200 rebate.
  • Natural gas boiler installations: Boilers with an AFUE rating greater than or equal to 92% could qualify for a $200 rebate.
  • HVAC tune-ups: A rebate of $25 is available for air conditioning tune-ups; a $50 rebate applies to air-source heat pump tune-ups.
  • AC installations: Depending on the unit’s SEER rating, you might qualify for up to $300 rebates when installing a new air conditioning unit.
  • Air purifier installations: Rebates of $50 are available for ENERGY STAR-rated air purification systems.

Upgrading your home’s HVAC equipment allows you to live more efficiently and comfortably. And with the latest heating system rebates, AC rebates, and tax incentives, you can save even more.

5 Benefits of Replacing Your HVAC System With an Energy-Efficient Unit

HVAC equipment manufacturers constantly update their systems to reflect the latest energy-saving technologies. If your current system is 10 to 20 years old, upgrading to a newer one offers many benefits:

  1. Reduced energy costs & environmental impact: Greater efficiency can save you a lot of money over the life of a new system. Reducing energy waste is also good for the environment.
  2. Better air quality: Improved airflow provided by variable-speed motors equals improved air quality throughout your home.
  3. Consistent heating & cooling: Newer HVAC systems eliminate the hot and cold air blasts when older systems turn on.
  4. Smart controls: You can now easily program your home’s temperature from wherever you are, maximizing energy efficiency while away from the house without sacrificing comfort when you return.
  5. Increase home value: New high-efficiency HVAC systems are a great selling point for prospective buyers.

Choose Masters Heating & Cooling for HVAC Services

When you call Masters Heating and Cooling for quality HVAC services, you’re choosing the best provider in Northeast Indiana! For over 30 years, our team of professionals has been delivering exceptional heating and cooling services that are second to none — they can handle any job that comes their way. 

Contact us at (866) 824-4328 to speak with a professional or schedule HVAC services.

Request Service

Truck Image

Why Choose Masters Heating & Cooling?

Northeast Indiana's HVAC & Plumbing Experts
  • Licensed, insured & NATE-certified technicians
  • Carrier Customer Specialist with experience servicing all brands
  • Free estimates on replacement quotes
  • Upfront pricing & financing options
  • Background-checked technicians
  • Military, veteran & senior discounts
  • Serving Fort Wayne, Decatur, Greenwood & Indianapolis
A map of Indiana indicating service in Fort Wayne, Decatur, Indianapolis, and Greenwood