Maximizing Your Savings: Oncor Rebates and Tax Credits in Dallas

Upgrading your heating and cooling system in Dallas, Texas enhances your home's comfort and is a smart investment when utilizing Texas energy rebates through the Oncor energy efficiency program and federal tax credits. By leveraging these incentives, homeowners can offset the costs of energy-efficient upgrades.

Oncor Energy Efficiency Program

Oncor offers a variety of Texas HVAC rebates to encourage improved energy efficiency amongst their customers. These programs are designed to reduce energy consumption and lower utility bills:

Oncor HVAC Rebates
Dallas homeowners installing heating and cooling systems with a Seasonal Energy Efficiency Ratio (SEER) of 14.3 or higher might qualify for rebates ranging from $300 to $3,500, depending on the size of the system.

Oncor Smart Thermostat Rebate Oncor thermostat rebate provides discounts on smart thermostats through their marketplace and retailer specific coupons.

Federal Tax Credits for Energy-Efficient Upgrades

Under the Inflation Reduction Act, homeowners can benefit from tax credits that cover up to 30% of the cost of a new energy-efficient HVAC system, with a maximum credit of $600 for qualified air conditioners and up to $2,000 for heat pumps.

How to Maximize Your Savings

• Consult with Oncor: Review Oncor's energy efficiency programs to identify eligible HVAC systems and smart thermostats.
  
• Choose Qualified Products: Ensure that the equipment you select meets the efficiency criteria set by both Oncor and federal guidelines. Mint Home automatically assesses rebates for qualifying systems.
  
• Maintain Documentation: Keep all receipts and manufacturer certification statements for tax filing purposes.
  
• File IRS Form 5695: Use this form to claim federal tax credits on your annual tax return.
  

Taking advantage of Oncor rebates and federal tax credits, reduces the financial burden of upgrading to an energy-efficient HVAC system for Dallas homeowners. If you are looking to upgrade your HVAC and reap the long-term benefits and savings of a more efficient heating and cooling system, get an instant quote today with Mint Home.