Heating and Air Conditioning Rebates & Tax Credits

2024 Electric Heat Pump and Air Conditioning Rebates

NHSaves electric rebates for HVAC equipment are distributed by Eversource, Unitil, Liberty Utilities and NHEC. These rebates are available for qualifying Heat Pumps, Air Conditioning systems, Heat Pump Water Heaters and Wi-Fi Thermostats.

Ducted Air Source Heat Pump Rebate Qualifications $250 Per Ton*

• HSPF2: ≥ 8.1
• Models SEER2:≥ 15.2
• EER: ≥ 10.0
• HCR @ 5F: ≥ 70%
• COP @ 5F: ≥ 1.75

Ductless Air Source Heat Pump Rebate Qualifications $250 Per Ton*

• HSPF2: ≥ 8.5
• SEER2: ≥ 15.2
• HCR @ 5F: ≥ 70%
• COP @ 5F: ≥ 1.75

Central Air Conditioner Rebate Qualifications $70 Per Ton*

• SEER2: ≥ 16.0
• EER: ≥ 10.0

Wi-Fi Thermostat** Qualifications $85 Per Unit**

• Must be installed with a qualified heat pump system

*Rebate based on tonnage calculated by dividing AHRI cooling capacity by 12,000 (Example: 40,000 Btu’s cooling/12,000=3.33 tons. 3.33 tons x $/ton=rebate)

**Wi-Fi connections must be Internet enabled. Rebate not to exceed purchase price. Limit one (1) thermostat per heat pump zone installed per account.

2024 Gas Heating Equipment Rebates

NHSaves natural gas rebates are distributed by the natural gas utility companies. Both Unitil and Liberty Utilities distribute rebates for qualifying Gas Boilers, Gas Furnaces, Gas Water Heaters, Thermostats, and Heat Recovery Ventilators.

High Efficiency Heating Equipment Rebates

• Natural Gas Furnace w/ECM greater than or equal to 95% AFUE - $300.00
• Natural Gas Furnace w/ECM greater than or equal to 97% AFUE - $450.00
• Natural Gas Hot Water Boiler greater than or equal to 90% AFUE - $1000.00
• Natural Gas Hot Water Boiler greater than or equal to 95% AFUE - $1500.00
• Natural Gas Condensing Boiler w/ On-Demand DHW greater than or equal to 90% AFUE - $1000.00
• Natural Gas Condensing Boiler w/ On-Demand DHW greater than or equal to 95% AFUE - $1500.00

High Efficiency Natural Gas Water Heater Rebates

• Natural Gas On-Demand Tankless Water Heater greater than or equal to .87 UEF - $700.00
• Natural Gas On-Demand Tankless Water Heater greater than or equal to .82 UEF - $500.00
• Storage Water Heater Medium Draw greater than or equal to .64 UEF - $100.00
• Storage Water Heater High Draw greater than or equal to .68 UEF - $100.00
• Natural Gas Condensing Water Heater greater than or equal to .80 UEF - $500.00
• Indirect Water Heater (connected to natural gas system) - $400.00

Heating Control Rebates

• Aftermarket Boiler Reset (add-on unit attached to a natural gas forced hot water boiler) - $225.00
• Programmable Thermostat (New Only)(Rebate not to exceed purchase price. Limit two (2) per account) - $25.00
• Wireless Thermostat (New Only)(Wireless connections must be enabled. Rebate not to exceed purchase price. Limit two (2) per account) - $85.00

Heat Recovery Ventilator Rebates

• A factory-assembled, packaged unit including fans or blowers that transfer heat between two isolated airstreams - $500.00

2024 Heat Pump Tax Credits

The federal heat pump tax credit allows you to claim up to 30 percent of the installation of an air source heat pump with a maxiumum credit of $2000. This tax credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032. In general, all ducted heat pumps that have earned the ENERGY STAR label are eligible, as well as certified mini-split systems (non-ducted) with:

Ducted Heat Pumps (North) ENERGY STAR Cold Climate Designation

• EER2 ≥ 10

Ductless Mini Split (North) ENERGY STAR Cold Climate Designation

• SEER2 ≥ 16
• EER2 ≥ 9
• HSPF2 ≥ 9.5

2024 Hybrid Heat Pump Water Heater Tax Credits

The federal heat pump water heater tax credit allows you to claim up to 30 percent of the installation of a hybrid water heater with a maxiumum credit of $2000. Heat pump water heaters that have earned the ENERGY STAR are eligible for this credit.

The federal furnace (Natural Gas, Oil) tax credits allows you to claim up to 30 percent of the installation of a new furnace with a maxiumum credit of $600.

2024 Gas Furnaces Tax Credits

ENERGY STAR certified gas furnaces with AFUE greater than or equal to 97% are eligible.

2024 Oil Furnaces Tax Credits

ENERGY STAR certified oil furnaces that use certain fuels are eligible. The equipment must be rated by the manufacturer for use with fuel blends at least 20 percent of the volume of which consists of biodiesel, renewable diesel, or second-generation biofuel.

The federal hot water boiler (Natural Gas, Oil) tax credits allows you to claim up to 30 percent of the installation of a new boiler with a maxiumum credit of $600.

2024 Gas Boiler Tax Credits

ENERGY STAR certified gas boilers with AFUE > 95% are eligible.

2024 Oil Boiler Tax Credits

ENERGY STAR certified oil boilers that use certain fuels are eligible. The equipment must be rated by the manufacturer for use with fuel blends at least 20 percent of the volume of which consists of biodiesel, renewable diesel or second-generation biofuel.

The federal electric panel upgrade tax credit allows you to claim up to 30 percent of the installation of a new electric panel with a maxiumum credit of $600. Any improvement to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders which:

• is installed in a manner consistent with the National Electric Code,
• has a load capacity of not less than 200 amps,
• is installed in conjunction with, and enables the installation and use of any qualified energy efficiency improvements, or any qualified energy property (heat pump water heater, heat pump, central air conditioner, water heater, furnace or hot water boiler, biomass stove or boiler)

In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits. The overall total limit for an efficiency tax credit in one year is $3,200.

This breaks down to a total limit of $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners.

Heat pumps and heat pump water heaters are subject to an annual total limit of $2,000.

24/7 Emergency Heating and Air Conditioning Repair

Are you looking for a local heating and air conditioning contractor? We are the nearby expert on all things plumbing, heating and air conditioning in NH. A.J. LeBlanc Heating provides 24/7, 365 emergency HVAC service to all existing customers. Submit a service request online or call our answering service any time any day.