The Inflationary Reduction Act is scheduled to pass congress and be signed into law by President Biden. The bill has similar provisions to the American Recovery and Reinvestment Act which provided tax credits for energy efficiency improvements made by homeowners. There will be a 30% tax credit for the purchase of a new heating and air conditioning system along with any improvements which improve the energy efficiency of the home. The tax credit savings could be significant for homeowners in Arizona who are in need of a new heating and air conditioning system or whose homes need energy efficiency modernization. SRP suggests that the replacement of a new heating and air conditioning system could save $610 per year, per system. SRP & APS also have rebate programs which further discount new improvement costs. Give the team at REEis Air Conditioning a call to schedule a free evaluation and learn more about these possible savings. For more information visit https://reeis.com.