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Since recording this video, the Inflation Reduction Act has been passed by Congress and President Joe Biden. In this video, Joshua discusses some of the perks for those in the market for purchasing an HVAC product. This Act affects many different home improvements with tax incentives for those making their homes more efficient in the process. As long as your HVAC project meets these standards, you may qualify for multiple benefits monetarily. Make sure you follow the advice of a tax expert. Find the guidelines of the Act by clicking here: https://www.congress.gov/bill/117th-congress/house-bill/5376/actions
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#taxincentives #hvactips #airconditioning

12 thoughts on “Inflation reduction act means money for hvac!”
  1. Avataaar/Circle Created with python_avatars Samuel G says:

    What a privilege to live during the collapse of the United States. Our country is falling apart

  2. Avataaar/Circle Created with python_avatars 350sbc says:

    You should make a video addressing the most important thing’s you should see during an install. Rx-11 flush, blowing out drain, brazing with nitro, wet rag on txv, 500-300 micron vacuum etc

  3. Avataaar/Circle Created with python_avatars Chris Canzanese says:

    Soon as they start giving out tax credits the manufacturers will raise the price of equipment. Just like what happened with every other single thing the government gave money to people for.

  4. Avataaar/Circle Created with python_avatars Ben Lail says:

    So appreciate you trying to explain the tax code for us but its just 5 mins of wasted time and mass confusion by saying things that may or may not be true that you don't know anything about. Short answer is contact your tax preparer. Are you in Nepean ?

  5. Avataaar/Circle Created with python_avatars Brett Repulske says:

    There is a lot of money in the Act for Heat Pumps. Effective 1/1/2023, up to $2,000 tax credit. States will have $4,000 or $8,000 heat pump rebates depending on income qualifications – more to come on that as details per state need to be sorted out. Moral of the story – I am waiting to install new HVAC system as I could save up to $6,000. I would do just AC, but the incentive is there for heat pump.

  6. Avataaar/Circle Created with python_avatars fzr1000 says:

    Bigger discount/rebate for heat pumps

  7. Avataaar/Circle Created with python_avatars MIKE BARAN says:

    Yes… Dont Make Any Tax Errors With All This Printed Money..97,000 IRS Agents Being Trained With Guns To Collect From The Little Guys..LETS GO BRANDON

  8. Avataaar/Circle Created with python_avatars GeoMac Granddad says:

    Inflation reduction: print more money and hand it out. 🤯

    "Tax reduction" usually means subtract it from your AGI before looking up tax you owe. Not subtracted from tax you owe. But they wouldn't call it "income reduction"!
    "Truth in advertising" doesn't apply to the govt. I wish it did!

    Regardless, the incentive described can only benefit those with taxable incomes above the threshold. Retirees living within the bounds of SS and modest pensions just have to pay the higher prices. Thanks again, Joe! Too kind.

  9. Avataaar/Circle Created with python_avatars Mohib Quadri says:

    Bro i have changed my field into freelancing mep hvac design which i had studied extensively with certifications now i don't know how to start my journey as online engineer – like what skills are most sellable in market demand like making revit, autocad drawings drafting or designs, project calculations in ms excel with boq to make profit ? What's better hvac site, design or revit design or total mep work.. What should i start with & how to complete the given work properly could you help me with it in some details…

  10. Avataaar/Circle Created with python_avatars lrma Bogan says:

    Making money is an action. Keeping money is behavior. Growing money is knowledge.. Service area Barrhaven??

  11. Avataaar/Circle Created with python_avatars AD Electronic Teardowns says:

    Funny how anyone can buy R22 on ebay buy signing a waiver to resell it, surprising…

  12. Avataaar/Circle Created with python_avatars Crawford Glissadevil says:

    Did you say doors qualify?

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