Investing in a new HVAC system is a significant decision, often necessary and wise. However, it can also be quite a financial undertaking. We understand that timing matters when it comes to such investments. Sometimes, replacing your HVAC system is not just about comfort; it’s a matter of safety.
Imagine sweltering in the hottest summer or shivering through the coldest winter without a reliable HVAC system. Waiting for a more budget-friendly moment might not be an option. But fret not. As an Exxel Mechanical customer, you have options.
We offer various financing and rebate choices to help you ease the financial burden of replacing your HVAC system. Let’s explore these opportunities together.
We offer financing options through Foundation Finance tailored to your needs. You can choose a same-as-cash option, providing a year of financing up to $75,000, or opt for a fixed-rate plan that spans up to 12 years, depending on your credit score. To explore pre-approval for these financing options, simply follow this link.
Rebates for Maryland Residents
As your trusted HVAC service provider in Central Maryland, including Mount Airy, Frederick, Westminster, Ellicott City and neighboring areas, we want you to know about Maryland’s energy-efficient rebate programs.
Empower Maryland Home Performance Program
This program starts with an in-depth whole-home energy audit. During this audit, a certified professional assesses your home’s energy usage by examining various aspects like insulation, appliances, windows, and your heating and cooling systems. Using advanced tools and techniques, they pinpoint areas where your home may be losing energy and offer tailored solutions.
Once the audit is complete, you’ll receive a detailed report that prioritizes recommended energy-saving upgrades. What’s unique is that these suggestions come with rebate amounts specifically tailored to your home. You decide which improvements align with your budget and energy-saving goals. As you complete these upgrades, your power company rewards you with rebates based on the estimated energy savings your home will achieve. These rebates range from $100 to a generous $7,500, so the more you save, the bigger your rebate becomes. It’s a win-win, making your home cozier, your energy bills lighter, and your wallet happier. Click here to learn more about Empower Maryland and how it works through your power company.
Explore HVAC Upgrades with DSIRE®
Operated by the N.C. Clean Energy Technology Center at N.C. State University, DSIRE® is a treasure trove of rebate opportunities. While it covers a wide range of energy-efficient upgrades, you can find programs specific to heating and cooling systems.
By using the search function and typing in the keyword “MD,” you can easily find incentives designed to reward those who choose energy-efficient heating and cooling solutions in our state. With just a few clicks, you can explore various programs that make upgrading your HVAC equipment a financially savvy choice.
But DSIRE® doesn’t stop at HVAC. It also offers insights into other energy-efficient upgrades, ensuring you can make your home as green and cost-effective as possible.
Federal Tax Credits
If you’re eyeing energy-efficient upgrades for your home’s heating and cooling systems, 2023 is the perfect year to take the leap. The federal government is offering enticing tax credits for qualified purchases, ranging from $50 to $300. These credits apply to a range of categories when they meet specific energy efficiency standards.
Here’s a breakdown of the categories that are eligible for these substantial rebates:
- Air Source Heat Pumps: $300 Upgrade to an energy-efficient air source heat pump, and you could be eligible for a significant tax credit.
- Central Air Conditioning (CAC): $300 Keep your home cool while keeping your wallet happy. Federal tax credits are available for energy-efficient central air conditioning systems.
- Gas, Propane, or Oil Hot Water Boiler: $150 If your home relies on a hot water boiler, consider switching to a more efficient model to qualify for valuable tax credits.
- Gas, Propane, or Oil Furnaces and Fans: $150 Stay warm and save big by investing in an energy-efficient furnace or fan system.
- Advanced Main Air Circulating Fan: $50 Even small changes can make a difference. Upgrading your main air circulating fan can earn you a tax credit.
To dive deeper into the details of these tax credits, learn more about eligibility, and explore other energy-saving opportunities, head over to energystar.gov.
Your Savings, Our Priority
At Exxel Mechanical, our top priorities are ensuring your comfort and safety and saving you money. To explore how to save on your new HVAC system, contact us at (443) 821-1040.