Owning a manufactured home comes with unique opportunities to save on HVAC system upgrades through various rebates and tax credits. These financial incentives can often be combined, substantially reducing the overall cost of installing a new, energy-efficient HVAC system. Not only do these rebates and credits lower your initial investment, but they also contribute to ongoing savings in your monthly utility bills.
In this blog, we'll guide you through the different options available to minimize the cost of your HVAC installation. Choosing an energy-efficient system is key, as it not only qualifies you for these rebates but also ensures lower operational costs in the long run – a double benefit for you. Rebates and tax credits are generally available in three categories:
We'll explore how to apply for these rebates, the potential savings you could expect, and the eligibility criteria, which may vary based on income or property type, such as rental homes. Join us as we delve into the possibilities of how much you could save with the right rebates for your manufactured home's HVAC system.
Get help with rebates on heating and air conditioning.
At Four Seasons Heating & Air Conditioning, our experienced and knowledgeable technicians will give you an honest estimate for a high-efficiency heat pump installation. Plus, we'll help you maximize your savings with state and local rebate options that we’ll happily apply on your behalf!
For further reading, check out our blog, “Ultimate Guide to HVAC Rebates, Tax Credits, & Incentives in Portland.”
Federal HVAC Tax Credits and Rebates
Homeowners in Oregon with manufactured homes have a valuable opportunity to save on HVAC system upgrades through federal tax credits and rebates, especially with the recent developments in federal legislation.
The Inflation Reduction Act has extended popular tax credit programs for energy-efficient appliances, including home heating and cooling systems. Oregon homeowners can receive a tax credit of up to $3,200 when installing a qualifying system. This credit covers 30% of the installation cost, with a cap of $3,200. It's important to note that while similar tax credit programs are available, you can only participate in one, choosing the one that offers the most savings at year-end.
The Inflation Reduction Act also bolsters state programs that provide direct rebates to homeowners and landlords. These rebates, which might be extensions of existing programs like HEERHA and HOMES, offer substantial savings for those installing energy-efficient heating and air conditioning systems. In particular, low-income households in Oregon may be eligible for up to $8,000 in rebates under HEERHA, potentially covering the entire installation cost, depending on the home's size.
To apply for these rebates, you may need to work with your installer to understand the options and qualifications. Some programs require income documentation and coordination with local housing authorities to release funds. To navigate these incentives effectively, consulting with an HVAC professional or a tax advisor is recommended. They can assist in choosing the most cost-effective system for your manufactured home and guide you through the application processes for both tax credits and rebates.
State-Run Rebates for Reduced Price HVAC Installation
The Oregon Department of Energy currently has $15 million earmarked toward HVAC and related upgrades for landlords who own manufactured dwellings and another $10 million in funding aimed at expanding heat pump installation for homeowners. These funds will be locally administered by organizations with a background in grant administration and environmental upgrades. Check with local nonprofits, housing authorities, and tribal governments for more information about who may be administering funding in your area.
Those who install a heat pump system through one of these programs can get up to $7,000 in rebates for the heat pump and up to $4,000 in rebates for any related upgrades. For example, installing a heat pump might require a new panel upgrade, which would be eligible for the second rebate. Ultimately, all funds are paid directly to an approved contractor and shown on your final bill as a credit toward the purchase.
Local Programs and Utilities Offering Rebates
Energy Trust of Oregon is currently offering between $3,500 and $4,000 off the price of a ducted or ductless heat pump for heating and cooling. Estimated monthly savings could reach 40% for some homes, helping to cut your monthly utility bill dramatically.
To qualify, you must work with an approved installer like Four Seasons Heating & Air Conditioning. We're already enrolled in the program and can inform you which rebates apply to your home and income level. If you add a smart thermostat, don't forget to notify Portland General Electric to get your $75 rebate. Just remember, funds are available to both residential homeowners and landlords to help incentivize more sustainable and lower-cost heating and cooling solutions. With the right heat pump installed, Oregon residents could see savings for decades to come.
Ready to get a reduced-cost heating and cooling upgrade?
Contract Four Seasons Heating & Air Conditioning today to find out what rebates are available in your area. Our NATE-certified technicians can give you an honest estimate on the cost of heat pump installation and detail what savings you should receive.