2016 HVAC Tax Credits and Rebates in Indianapolis

By: Brian Schutt | April 25, 2016

Your Full List of 2016 HVAC Tax Credits in the Indianapolis, Indiana Area

Shopping for a new air conditioner, furnace or heat pump in the Indianapolis area and want to know if you can get anything back for your troubles? You’ve come to the right place.

2016 Federal Tax Credits for HVAC

In the wee hours of 2015, Congress passed a retroactive and forward-looking tax credit for high efficiency heating and cooling equipment.

	Amount:	10% of cost up to $500 or a specific amount from $50-$300.
	Expires:	December 31, 2016
	Details:	Must be an existing home and your principal residence. New construction and rentals do not apply.

2016 Heat Pump Tax Credits

	Amount:	$300
	Efficiency Requirements:
		HSPF (Heating Seasonal Performance Factor) >= 8.5
		EER (Energy Efficiency Ratio) >= 12.5
		SEER (Seasonal Energy Efficiency Ratio) >= 15

2016 Air Conditioning Tax Credits

	Amount:	$300
	Efficiency Requirements
		SEER>= 16 (Split Systems)
		EER >= 13 (Split Systems)

2016 Furnace Tax Credits

	Amount:	$150 for furnace, $50 for advanced main air circulating fan
	Efficiency Requirements:
		AFUE (Annual Fuel Utilization Efficiency) > 95

Vectren Customers HVAC Rebates for Indianapolis Area

	Natural Gas Service – Natural Gas Boilers:
	$300 — Minimum 90% AFUE

	Natural Gas Service – Natural Gas Furnaces
	$250 — 95-96.99% AFUE
	$300 — Minimum 97% AFUE

	Natural Gas And/Or Electric Service – Thermostats
	$100 — Wi-Fi-enabled thermostat
	$20 — Programmable thermostat

	Electric Service – Central Air Conditioning Units
	$300 — Minimum 16 SEER
	$500 — Minimum 18 SEER

	Electric Service – Heat Pumps
	$300-$400 — Electric Air Source HP at least 16 SEER**
	$500-$600 — Electric Air Source HP at least 18 SEER**
	$300 — Dual-Fuel HP at least 16 SEER
	$500 — Dual-Fuel HP at least 18 SEER

	Electric Service – Ductless Heat Pumps
	$500 — Minimum 17 SEER, 9.5 HSPF
	$700 — Minimum 19 SEER, 9.5 HSPF
	$850 — Minimum 21 SEER, 10.0 HSPF
	$1000 — Minimum 23 SEER, 10.0 HSPF

	Electric Service – Other Rebates
	$100 — ECM Motor

** Rebate amount depends on equipment efficiency and whether natural gas service is on or adjacent to property. See rebate application for details.

Duke Customers HVAC Rebates for Indianapolis Area

	Central Air Conditioner or Heat Pump Rebates:
	$250 — 14 SEER With ECM motor
	$310 — 15 and 16 SEER With ECM motor
	$360 — Greater or Equal to 17 SEER With ECM motor

	Geothermal Heat Pump Rebate:
	$360 — Greater or Equal to 19 SEER

	Wifi Thermostat:
	$100