Investing in a new HVAC system can be a big decision, but there are plenty of opportunities to save money on your purchase in 2024. From local rebates to federal tax credits and manufacturer discounts, here’s how you can make your new HVAC system more affordable.

1. Take Advantage of Local Rebates Through BGE

If you’re a resident of Maryland, you can benefit from local rebates through BGE when purchasing select energy-efficient HVAC systems. These rebates are available to help reduce the upfront costs of equipment that meets BGE's energy efficiency standards. Depending on the system you choose, you could save hundreds of dollars just by ensuring your new HVAC system qualifies for the BGE rebate program.

Learn more about available rebates and how to apply here: BGE Smart Energy Residential Rebates and Discounts.

2. Federal Tax Credits for Energy-Efficient Systems

In addition to local rebates, homeowners across the U.S. can take advantage of federal tax credits when purchasing energy-efficient HVAC systems. The federal government provides tax credits through programs like ENERGY STAR® to incentivize homeowners to invest in systems that reduce energy consumption.

For 2024, if your new HVAC system meets ENERGY STAR® criteria, you may be eligible for significant tax credits, reducing the overall cost of your purchase. You can explore specific eligibility details and credits available by visiting the ENERGY STAR Federal Tax Credits page.

3. Manufacturer Rebates: Carrier Offers Savings

Another great way to save on a new HVAC system is through manufacturer rebates. As an authorized Carrier dealer, MaxAir can offer you access to exclusive Carrier rebates. Carrier often provides seasonal promotions and rebates for energy-efficient systems, allowing you to save even more on your purchase.

In Maryland, rebates from Carrier can further lower the cost of a new HVAC system, helping you maximize your investment. To explore current rebates, visit Carrier’s Homeowner Resources Rebate page.

4. Timing Your Purchase for Maximum Savings

If you aren’t in an urgent situation to replace your HVAC system, timing your purchase can be another smart way to save money. Many HVAC manufacturers and retailers offer seasonal sales, especially during off-peak times, such as in the spring or fall, when HVAC companies are less busy. Planning your purchase around these promotions can result in significant savings.

Additionally, during the holiday seasons or when new models are released, manufacturers may offer deeper discounts on existing stock. Keep an eye out for these sales to get the best deal possible.

5. Other Cost-Saving Considerations

While rebates and tax credits offer immediate savings, choosing the right HVAC system and service plan can help you save money in the long run. Here are a few other factors to consider when looking to maximize your savings:

Invest in an Energy-Efficient HVAC System

Though energy-efficient systems may have a higher upfront cost, they are designed to use less energy, which can significantly reduce your monthly utility bills. Over time, these systems pay for themselves through lower energy costs, making them a smart financial choice. Plus, you can take advantage of the rebates and tax credits mentioned above to offset the initial price.

Consider the Size and Type of System

Choosing the right size HVAC system for your home is critical. A system that is too large or too small for your space will waste energy and money. Work with a trusted HVAC professional to calculate the correct size for your home, ensuring that you get a system that operates efficiently and saves you money.

Additionally, there are various types of HVAC systems, such as central air systems, ductless mini-splits, or heat pumps. Depending on your home’s needs, one type may offer better energy efficiency and cost savings over another.

Purchase an HVAC Maintenance Plan

Investing in an HVAC maintenance plan is another way to save money in the long run. With MaxAir’s maintenance plan, you’ll receive regular system check-ups, which help ensure your HVAC unit is running at peak efficiency. Preventive maintenance reduces the risk of costly breakdowns and prolongs the lifespan of your system. Routine care also allows technicians to catch potential issues early before they turn into expensive repairs.

Learn more about MaxAir's maintenance plan here.

Consider Financing Options

Replacing an HVAC system is a major investment, but many HVAC companies, including MaxAir, offer financing options that allow you to spread the cost over time. Financing your system can help you avoid large upfront costs and give you the flexibility to choose a high-efficiency system that will save you more money in the long term.

Many manufacturers and lenders offer zero-percent financing for a set period, allowing you to pay for your system gradually without incurring interest. Be sure to explore these options to make your HVAC investment more manageable.

Additional Thoughts

When purchasing a new HVAC system in 2024, it’s essential to explore all available rebates, tax credits, and manufacturer offers to reduce the overall cost. By selecting an energy-efficient system, purchasing a maintenance plan, and considering long-term cost-saving strategies, you can enjoy reliable comfort while keeping your wallet happy. 

At MaxAir, we’re here to help you navigate these savings and provide you with exceptional HVAC service and support.