ENERGY STAR COMED REBATES EAST DUNDEE

Thanks to offers from ComEd and the IRA, you can save now and save later when you install new high-efficiency heating and cooling equipment in your Fox River Valley home. You’ll need a qualified contractor to take full advantage, and Compass Heating and Air has you covered on all fronts.

In this article, we’ll outline two great offers that every homeowner in Barrington, East Dundee or any Fox River Valley town should know about. Put together, you can save up to or more than a thousand dollars on a new furnace, central air system, or mini split/heat pump system.

There’s only one catch if you can even call it that: The new equipment must meet energy efficiency requirements. But that works out even better for you in the long run.

High efficiency uses less energy than other options. So, after you save unprecedented amounts of money on the installation, you’ll immediately see lower bills every month after that.

Once again, we reached out to ComEd communication specialist Luz Bottecchia for the most up-to-date information. We heard from Chris Czarnecki, government relations manager for the Air Conditioner Contractors of America

But first, let’s start local.

Ductless and Mixed Use Mini-Split Heat Pumps

Discount: Up to $1,000

Air Source and Centrally Ducted Mini-Split Heat Pumps

Discount: Up to $1,400

How to apply: No application necessary! Discount provided at installation by a heat pump-trained contractor.

Note: Equipment eligibility verified via the Air Conditioning, Heating, and Refrigeration Institute (AHRI). Minimum efficiency requirement of ≥ 15.2 SEER2, ≥ 9.4 EER2 and ≥ 8.1 HSPF2. Equipment must be installed by a ComEd heat pump-trained contractor to qualify for discounts. Self-installation does not qualify.

During winter, heat pumps transfer heat from the cold outdoors to deliver warmth into your home. During the summer, they do the opposite. Because heat is moved instead of generated, heat pumps provide up to four times the amount of energy they consume.

According to the Department of Energy, air source heat pumps are the most common heat pump. With this type of heat pump, the heat is transferred between your home and the outdoor air. If you use electricity for heating, an air source heat pump can reduce the amount of electricity used for heating by 30%-40% on average.

Heating And Cooling Rebates from ComEd In 2024

ComEd offers rebates for many Energy Star-certified appliances. Their HVAC incentives include:

• Air source heat pumps qualify for discounts up to $1,400 for systems that have the following minimum ratings: 15.2 SEER2, ≥ 9.4 EER2 and ≥ 8.1 HSPF2.
  
• Mini-split heat pumps qualify for discounts up to $1,000 for systems with the following minimum ratings: ≥ 17 SEER2, ≥ 9.4 EER2 and ≥ 10 HSPF2.

A Money-Saving Program

According to Bottechia, more than one million ComEd customers have taken advantage of these offers since 2008. In all, the program has saved homeowners more than $5 billion over the last 16 years.

And, those savings have been especially welcome over the last dozen months: ComEd noted a three-percent increase in residential use in 2020 and a significant jump since federal incentives were introduced a couple of years ago.

But, that uptick was accompanied by a 4.9-percent decrease in system usage across the board.

“ComEd’s average residential customers’ bills will be lower this year than they were in 2008, in part because these successful energy efficiency programs have helped them use less energy,” said Boettechia.

How To Qualify And Apply

No need to apply any longer!  We will help you get your rebate at the time of installation! If you use a different contractor, you just have to be sure they have been certified by ComEd to participate in the program.

Meanwhile, the models you choose have to meet specific efficiency requirements. You’ll notice “HSPF” and “SEER” next to the models.

The HSPF or Heating Seasonal Performance Factor,(now HSPF2), tells you how much energy a heat pump uses to produce heat.

Seasonal Energy Efficiency Ratio, or SEER, (now SEER2) measures how much energy your HVAC unit uses to provide air conditioning.

The benefit of a certified provider, along with knowing the work gets done correctly, is having someone familiar with the process and qualifications.

Also, make sure the company you choose is certified by the brand you’ve purchased. Most brands require a certified tech to install the new equipment. Otherwise, they’ll void the warranty.

For the rebate itself, we’ll fill out an application and include invoices for every item installed. Mini splits, for instance, have two or more components, depending on the setup.

Federal Tax Rebates For Energy-Efficient HVAC Installations- The Inflation Reduction Act (IRA)

IRA Heat Pump Rebates and Tax Credits in Illinois

Broadly speaking, every year for the next ten years, Illinois homeowners can claim a tax credit for 30 percent of the cost of qualified projects that make their home less drafty or improve energy efficiency, to an annual limit of $1,200 credit.

That means you can spend $4,000 annually to improve the comfort and efficiency of your home and the IRA will throw you up to $1,200 of that investment back in the form of tax credits and cash rebates.

Qualifying incentives include:

• Up to $600 for highly efficient heat pump air conditioners; electrical panel upgrades; and water heaters, furnaces, and water boilers that run on natural gas, propane, or oil. These products must meet Consortium for Energy Efficiency’s highest efficiency tier.
• Up to $150 for a home energy audit
• $600 for new energy-efficient exterior windows or skylights
• $500 for exterior doors
  The Illinois Citizens Utility Board supports the IRA because they have long argued that climate change will cost electric customers billions in higher bills in years to come, so the board concludes that fighting climate change through strong clean energy legislation is a pro-consumer issue.

Check with your tax advisor to see how this impacts you.

Energy-Efficient HVAC Installation In Barrington, IL

Call or email Compass Heating and Air for a free consultation when you’re ready to replace your old heating and cooling system. We’ll help you choose a new, energy-efficient HVAC system that will keep your home comfortable while saving you money.