Air Temperature Control Systems, Inc.
How Much Can a New AC Save on My Power Bill?
A new air conditioner can work better and lower your cooling bills by up to 20%. How does this work? Most old air conditioners use a lot more energy than the new ones we have today. This means your old AC needs more electricity to keep your house cool, and you see this in your higher power bills every month. If you wonder if a new air conditioner could lower your energy bills, the answer is probably “yes.”
New AC Units Save Energy and Money
Air conditioners today are much better and brighter than the old ones. They are built to cool your home while using less electricity. ENERGY STAR, says that if you switch to a high-efficiency air conditioner, you could pay up to 20% less to cool your home, especially if your current AC is more than 10 years old and the new one is set up correctly. Depending on your house and how much you use it, you could save hundreds of dollars annually, instilling a sense of optimism about the potential for significant savings!
Why Are New Air Conditioners Better at Saving Energy?
A big reason is something called the SEER rating, which stands for Seasonal Energy Efficiency Ratio. This number tells you how good an air conditioner is at turning electricity into cool air. The bigger the SEER number, the better the AC is at saving energy.
Starting in 2023, the lowest SEER2 rating for new air conditioners is:
Some of the newest air conditioners are even better, with SEER2 ratings as high as 18 or more!
If your old AC was put in before 2010, it might have a SEER rating of only 8 or 10. That means it uses a lot more energy to cool your house. Even the least efficient air conditioners you can buy today are much better than the old ones.
Are There Rebates for Getting a New AC?
Yes! You might worry about the higher price if you want to upgrade to a new, energy-saving air conditioner. But you can often get some money back, called rebates, or save on taxes when you buy a better AC. Rebates and tax credits can come from:
With the Inflation Reduction Act, you can get a federal tax credit if you buy a high-efficiency AC with the ENERGY STAR label. Sometimes you can even get extra discounts from your power company.
To qualify for these savings, you usually need to:
Always ask the person putting in your AC if there are rebates you can get. Many installers are well-informed about these and can help you apply. This means that you’re not alone in this process and there are resources available to help you save money on your new AC.
It may be time to get a new AC. Here are some clues:
Getting a new AC can help you save money, keep your house comfortable, and even help you get some money back!
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