Did you know that installing a new air conditioning unit can qualify you for significant savings and rebates? With temperatures soaring in Arizona, an efficient AC system is not just a luxury but a necessity. It’s worth exploring how you can make the most out of SRP (Salt River Project) rebates and reduce your energy bills.

Why Consider Upgrading Your AC Unit?

According to Energy.gov, air conditioning can account for 40%–50% of your summer energy bill. By upgrading to a new energy-efficient AC unit, you could see monthly savings and receive up to $1,125 back on your initial investment through the SRP Cool CashTM Rebate program.

When is it Time to Upgrade?

Here are some telltale signs that it’s time to upgrade your AC unit:

• Your equipment is 10-plus years old.
• Your system is extra noisy.
• Your unit runs longer to maintain the same thermostat setting.

Choosing the Right Size and Type of Unit

Arizona summers are intense, but that doesn’t mean a larger AC system is automatically better. An oversized unit can lead to higher energy bills and cause “short cycling.” Short cycling occurs when an oversized AC cools your home too quickly, causing the unit to turn on and off frequently, which wears it out faster.

What Units Qualify for SRP Rebates?

To qualify for SRP Cool CashTM Rebates, your new unit must meet specific energy efficiency criteria. Here are the types of units that qualify:

• Single Stage: 15.2 SEER2 or higher
• Multi Stage: 15.2 SEER2 or higher
• Variable Capacity: 15.2 SEER2 or higher
• Inverter Driven Mini Split: 15.2 SEER2 or higher

The Importance of Professional Guidance

When deciding on a new unit, it’s essential to consult a qualified HVAC expert. They can help you determine the best type of unit for your home and specific needs, ensuring you maximize both comfort and energy savings.

How to Maximize Savings with HVAC Upgrades

Upgrading your HVAC system can be a significant investment, but it also offers substantial savings on your energy bills in the long run. This guide will help you understand the initial rebates available for each type of unit and how much you can expect to save over time.

Initial Rebates for Each Unit Type

Single Stage Units (15.2 SEER2 or Higher)

• • Heat Pump: $75 per ton
  • AC: $75 per ton

Multi Stage Units (15.2 SEER2 or Higher)

• • Heat Pump: $150 per ton
  • AC: $150 per ton

Variable Stage Units (15.2 SEER2 or Higher)

• • Heat Pump: $225 per ton
  • AC: $225 per ton

Inverter-driven Mini Split Units (15.2 SEER2 or Higher)

• • Heat Pump: $225 per ton

 Energy Bill Savings by Upgrading Your System

Single Stage Units (16 SEER/15.2 SEER2)

3 Ton Unit:

• • • First Year Savings: Up to $240
    • 15-Year Savings: Up to $3600

4 Ton Unit:

• • • First Year Savings: Up to $320
    • 15-Year Savings: Up to $4800

5 Ton Unit:

• • • First Year Savings: Up to $400
    • 15-Year Savings: Up to $6000

Multi Stage Units (16 SEER/15.2 SEER2)

3 Ton Unit:

• • • First Year Savings: Up to $300
    • 15-Year Savings: Up to $4500

4 Ton Unit:

• • • First Year Savings: Up to $400
    • 15-Year Savings: Up to $6000

5 Ton Unit:

• • • First Year Savings: Up to $500
    • 15-Year Savings: Up to $7500

Variable Capacity Units (21 SEER/20.2 SEER2)

3 Ton Unit:

• • • First Year Savings: Up to $370
    • 15-Year Savings: Up to $5500

4 Ton Unit:

• • • First Year Savings: Up to $490
    • 15-Year Savings: Up to $7350

 5 Ton Unit:

• • • First Year Savings: Up to $610
    • 15-Year Savings: Up to $9150

*Please note that results may vary based on usage and other factors.

How to Participate in SRP’s Cool Cash Rebate Program

If you’re looking to upgrade your home’s air conditioning system, SRP’s Cool Cash Rebate Program offers a fantastic opportunity to save money. Here’s a step-by-step guide to help you understand the requirements and how to qualify for the rebate.

Program Requirements

To participate in the SRP Cool Cash Rebate Program, you need to meet the following criteria:

1. Eligibility

Residency:

• • Be a permanent SRP residential electric customer.
  • Reside in a single-family detached home, single-family attached home, mobile home, or apartment/condo.

2. Installation

Licensed Contractor:

• • Have the qualified system installed by a contractor licensed in Arizona to install residential air-conditioning systems.
  • The installation must be completed before April 30, 2025.

3. System Requirements

System Type:

• • Replace or supplement an existing central heat pump or central AC with a new high-efficiency system that meets minimum efficiency ratings.

Manual J Load Calculations:

• • Submit Manual J load calculations with your application for single-stage systems. Failure to do so will result in delays or denial of your application.
  • Load calculations are not required for multi-stage or variable-capacity systems.

4. Inspection

Compliance Verification:

• • Allow SRP or their agent to inspect the installed unit upon request to verify compliance with the Cool Cash requirements.

Important Notes

Exclusions:

• New construction homes, window units, and installations in garages or other non-habitable spaces do not qualify for the rebate.

Split Central Systems:

• Both the indoor air handler and condensing units must be replaced on split
• central systems.

Terms and Conditions:

• Be sure to read the Terms and Conditions document for complete program requirements.

Additional Resources

Federal Tax Credits Energy Efficiency:

Learn more about available federal tax credits for air conditioning systems by visiting this link.

Department of Energy’s Weatherization Assistance Program (WAP)

For Lower-Income Households:

• The DOE offers a Weatherization Assistance Program for households that meet certain income eligibility criteria.
• This program includes a home energy assessment and common home improvements such as testing, tuning, and maintaining cooling and heating equipment. In some cases, cooling and heating equipment may be replaced with new equipment.
• For more details, visit the Weatherization Assistance Program site.

By following these steps and guidelines, you can make the most of SRP’s Cool Cash Rebate Program and enjoy a more energy-efficient home. If you have any questions or need further assistance, don’t hesitate to reach out to SRP customer service.

Conclusion

Upgrading your HVAC system not only enhances your comfort but also brings substantial financial benefits in the form of rebates and long-term energy savings. By selecting the right unit type and capacity, you can maximize your savings and reduce your carbon footprint.

---

Ready to upgrade? Contact us today to learn more about our offerings and start saving!

By following this guide, you’ll be well on your way to making a smart investment in your home’s comfort and efficiency. For more information on energy savings and efficient cooling solutions, visit Energy.gov or your local SRP website. Or need further assistance, feel free to reach out to our TSC Air customer service team. Happy upgrading!