Make Your New HVAC System More Affordable
Between flexible financing options and thousands in available federal tax credits and utility rebates, a new high-efficiency system may be more affordable than you expect.
Up to $2,000
Federal heat pump tax credit
30%
Of geothermal system cost
Through 2032
IRA credits available
$0 Down
Financing options available
Federal HVAC Tax Credits
The Inflation Reduction Act provides significant tax credits for qualifying high-efficiency HVAC upgrades installed through 2032. These are tax credits — dollar-for-dollar reductions in your federal income tax owed, not just deductions.
Heat Pump (Air Source)
Up to $2,000/year
Must meet efficiency thresholds (SEER2 ≥ 15.2 for split systems, EER2 ≥ 11.7 for heating). Credit covers 30% of cost including installation, up to $2,000 annually.
Central Air Conditioner
Up to $600/year
Must meet ENERGY STAR Most Efficient tier requirements. Credit covers 30% of cost including installation, up to $600.
Natural Gas Furnace
Up to $600/year
Must have AFUE ≥ 97%. Credit covers 30% of cost up to $600.
Smart Thermostat
Up to $150/year
ENERGY STAR certified smart thermostats qualify. 30% of cost up to $150.
Home Energy Audit
Up to $150/year
A qualified home energy audit qualifies for 30% of cost up to $150. This can help identify the most impactful improvements.
Geothermal Heat Pump
30% of full cost
No dollar cap through 2032. Geothermal heat pump systems (ground-source) qualify for 30% of total cost including installation. Available through 2032.
Important: Tax credit eligibility depends on your individual tax situation, equipment installation date, and whether qualifying equipment is selected. These credits are not guaranteed to every homeowner. Consult a tax professional to confirm eligibility. Junior Collins HVAC can identify which equipment qualifies — it's part of how we prepare your quote.
NC Utility Rebates
Many NC homeowners qualify for additional rebates from their electric utility on top of the federal tax credits. Rebate programs change periodically — call us for current availability.
Duke Energy Carolinas
- Heat pump rebates on qualifying high-efficiency systems
- Smart thermostat rebates ($25–$75 depending on model)
- Home energy audit program participation
- Smart meter and time-of-use rate incentives
Availability and amounts change — verify directly with Duke Energy or ask us when requesting a quote.
Dominion Energy NC
- Heat pump rebates for qualifying efficient systems
- Appliance and HVAC upgrade incentive programs
- Smart thermostat rebates for qualifying customers
- Energy efficiency program participation
Available for Dominion NC service area customers. Confirm current program availability with Dominion or ask us.
Not sure which utility you're with? Check your monthly electric bill — the utility name and your account number are on every bill. We can help identify what rebates may be available during your quote.
Call (336) 874-2168 to ask about current rebatesFlexible Financing for HVAC Replacement
A new HVAC system is a significant investment — typically $5,000–$10,000 for a complete replacement. Financing allows you to get the right system now without depleting your savings.
As an authorized Trane dealer, we have access to Trane's financing programs in addition to third-party financing options. Ask about available terms when you call or request a quote.
- No large upfront payment required
- Keep your savings — pay over time
- Competitive interest rates and promotional terms available
- Quick application and approval process
- Finance the full project including installation
- Trane dealer financing programs available
Disclaimer: Financing is subject to credit approval. Terms, rates, and availability may change. Ask about current programs when requesting a quote. We do not make financing decisions — we connect you with available programs.
Trane Dealer Financing
As an authorized Trane dealer, Junior Collins HVAC has access to Trane manufacturer financing programs — including promotional terms that may be available on qualifying systems.
Promotional financing availability changes. Ask about current Trane offers when you request a quote.
Ask About FinancingHow Credits and Rebates Stack Together
Example only — individual results will vary based on equipment, utility, and tax situation.
Rebate amounts and tax credit eligibility vary. Consult a tax professional. Ask Junior Collins HVAC which equipment qualifies when requesting a quote.
Ask About Financing & Rebates
Request a quote — we'll identify which incentives and financing options apply to your project.
Ready to See What You Qualify For?
Junior Collins HVAC will identify applicable tax credits and rebates as part of every replacement quote — at no extra charge.