HVAC Rebate Options in 2025 & 2026

HVAC Rebate Options in 2025 & 2026

What are HVAC Rebate Programs?

Commercial HVAC rebate programs are financial incentives offered by utility companies, state energy agencies, and the federal government to encourage businesses to install high‑efficiency HVAC systems. These programs help reduce the upfront cost of upgrading equipment and support long‑term energy savings. Eligible equipment often includes:

  • Rooftop Units (RTUs)
  • Chillers
  • Heat Pumps
  • Building Automation and Controls
  • Boilers
  • And More.

Who Offers HVAC Rebates and Tax Credits?

Utility companies are the largest and most accessible providers of rebates. One of the largest equipment incentive providers is Comed:

  • ComEd provides incentives for chillers, economizers, ventilation upgrades, and other HVAC improvements. Learn more here.
For construction beginning on or before June 30, 2026, businesses may also qualify for the federal Section 179D Energy Efficient Commercial Buildings Tax Deduction, which provides tax savings for energy‑efficient HVAC and building system improvements. There are two pathways to qualify, depending on the type of project and energy performance requirements.

Rebates Will Look Different in 2026

As commercial tax credits expire in December 2025, HVAC incentives will increasingly come from utility programs. These incentives can help your building achieve:

Faster
ROI

Lower operating costs by utilizing energy-efficient HVAC equipment

Improve Building Comfort

Efficient systems provide better temperature control and more reliable operations

Stacked
Incentives

Many businesses can stack incentives and make their projects more affordable

Easier Budget Approvals

Rebates reduce capital expenditure and help clear budgeting hurdles.

Interested to see more examples of how these incentives can help you build better? View the flyer below to see some examples of savings you can receive on different equipment types. 

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