There are local, state and federal money-saving programs that may provide assistance to cover the costs of a new AC unit, including the following:
Some manufacturers, like Carrier, allow you to search for local rebates and tax credits specific to certain products and your ZIP code.
You can also learn about AC unit tax credits for primary residences via energystar.gov. In January 2022, there was a $300 tax credit available on the purchase of a central air conditioning system.
The federal government’s Low Income Home Energy Assistance program can help with weatherization and energy-related minor home repairs to those who qualify for aid.
If you take out a HELOC or home equity loan, you can deduct the interest you pay and decrease your taxable income for more savings.
AC unit manufacturers and dealers may also offer special discounts or rebates. Don’t be shy about negotiating.