2023 Lennox Rebates
September 11th - December 1, 2023
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Inflation Reduction Act
The Energy Efficient Home Improvement Tax Credit (25C) provides a federal tax credit to homeowners who install high-efficiency equipment. The previous Nonbusiness Energy Property credit of up to $500 was extended through 2022. The amended Energy Efficient Home Improvement Credit, which begins in 2023 and extends through 2032, increases the tax credits as high as $600 for qualified air conditioner or gas furnace, and up to $2000 for qualified heat pump, heat pump water heater or boiler.
The High Efficiency Electric Home Rebate Program (HEEHRP) will enable states to provide up to $14,000 in direct rebates to low and moderate-income households for installing qualified heat pumps, electrical panel and wiring upgrades, and home insulation and sealing. This program will be administered by individual states, so the effective dates and funds available will vary by state.