AC Rebates & Utility Rebates
SRP AC Rebates (SRP Cool Cash Rebates)
Note: SRP & APS Rebates are administered by your utility company. Magic Touch Mechanical is a Qualified Contractor for both SRP & APS and participates in both utility company rebate programs. Program rules and participation are set forth by the utility company and are subject to change without notice. Not all utility company customers qualify for rebate programs. For more information, schedule an appointment for a free in-home quote and ask speak the Project Manager who visits with you. Our Project Managers are very knowledgeable about these rebate programs and qualifying equipment.
Magic Touch Mechanical is a Qualified Contractor for APS & SRP Rebate Programs
CASH Rebates for HVAC efficiency improvements*
- NewAir Conditioning & Heating Systems (SRP AC Rebate / SRP Cool Cash Rebate)
*Installation must be performed by Magic Touch Mechanical an SRP/APS approved contractor.
SRP Residential Cool Cash AC Rebate 2023
Replace a heat pump or central air conditioner with a qualifying high–efficiency central cooling system, and you may be eligible for a cash rebate up to $1,125 per unit.
The chart below identifies the rebates available for the various equipment configurations.
| CENTRAL AC, HEAT PUMP AND MINI-SPLIT | ||||
|---|---|---|---|---|
| Package and split systems |
Compressor | SEER | Rebate per ton | |
| Heat pump | AC | |||
| Good: Single-stage | 16.0 or higher SEER
(15.0 or higher SEER2) |
$75 | $75 | |
| Better: Multi-stage | $150 | $150 | ||
| Best: Variable-capacity | $225 | $225 | ||
| Best: Inverter-driven mini-split | $225 | – | ||
All qualifying equipment must be listed in the CEE/AHRI Verified Directories as meeting or exceeding the efficiency minimums (ceedirectory.org ). Mini-splits can be ducted or ductless. Incentives paid by ton or half-ton of the system’s nominal cooling capacity as listed by manufacturer’s specifications. Rebates effective with installations on or after Feb. 1, 2019.
Estimated savings
Source: SRP (srpnet.com)
While results will vary based on your existing system, size of home, comfort preferences and price plan, an efficient system replacement can save 30-50% on your annual cooling costs.
| Compressor type (typical SEER) | Size (tons) | Savings estimate* | |
|---|---|---|---|
| 1 year | 15 years | ||
| Single-stage (16 SEER) | 3 | $240 | $3,600 |
| 4 | $320 | $4,800 | |
| 5 | $400 | $6,000 | |
| Multi-stage (18 SEER) | 3 | $300 | $4,500 |
| 4 | $400 | $6,000 | |
| 5 | $500 | $7,500 | |
| Variable-capacity (21 SEER) | 3 | $370 | $5,500 |
| 4 | $490 | $7,350 | |
| 5 | $610 | $9,150 | |
* Results will vary. Assumes replacement of existing 11 SEER system, $0.11/kWh and 2,141 cooling hours.
APS Residential Air Conditioner Rebate 2023
This program offers rebates to APS residential customers who replace their existing heat pump or AC unit with a minimum efficiency rating of 15 SEER. Most 15 SEER and higher units qualify for a $200 CASH REBATE (all tonnages).
*Your new AC unit must be installed by Magic Touch Mechanical, an APS Qualified Contractor.
APS Rebate Assistance Program*
*Not all are eligible – consult your Project Manager from Magic Touch Mechanical for information
Rebate assistance is $1,000 for the installation of a qualifying 14 SEER unit and $1,200 for a 15 SEER or higher unit*. To qualify for rebate assistance the:
- New air conditioner must be an emergency replacement of an existing air conditioner that has failed or is failing
- Homeowner is unemployed due to the COVID-19 pandemic or homeowner is enrolled in the APS Energy Support Program
- Air conditioner unit must have been purchased on or after July 28, 2021
- Air conditioner unit is installed by Magic Touch Mechanical and in accordance with the APS Quality Installation Standards
2023 HVAC Tax Credits – Inflation Reduction Act
As of 1/1/2023 homeowners can qualify for up to $2,000 in federal tax credits when you install eligible heat pumps and air conditioners in your principal residence. For complete details and to check your eligibility read more.
|
HVAC TAX CREDIT QUICK REFERENCE CHART*
*Regional Standards for South Region (including Arizona)
|
|||||
| Tax Credit | Equipment | Type | SEER2 | EER2 | HSPF2 |
|
Up to $2000 |
Heat Pump |
Split HP | 15.2 | 11.7 | 7.8 |
| Ductless HP | 16.0 | 12.0 | 9.0 | ||
| Packaged HP | 15.2 | 10.6 | 7.2 | ||
|
Up to $600 |
Air Conditioner | Split AC | 16.0 | 12.0 | N/A |
| Packaged AC | 15.20 | 11.50 | N/A | ||
