Rebate pages age badly, and most of the ones you'll find for Arizona are still quoting incentives that no longer exist. Here's the current picture, with a link to every program's own page so you can verify it yourself before you spend money expecting a check.
Two things changed for 2026. The federal 25C tax credit applied to equipment placed in service through December 31, 2025, and APS discontinued residential equipment rebates as of January 1, 2026. SRP customers still have real money on the table. We are contractors, not tax advisors — verify current program terms on the linked pages and talk to your tax preparer about anything you plan to claim on a return.
SRP Cool Cash — the big one for SRP customers
SRP's Cool Cash rebate pays per ton of installed capacity based on the compressor type of your new air conditioner, heat pump, or inverter-driven mini-split. Equipment must be listed in the AHRI Verified Directory at 15.2 SEER2 or higher, and the system must be installed by an Arizona-licensed residential AC contractor before April 30, 2027.
| Compressor type | Efficiency minimum | Heat pump | AC |
|---|---|---|---|
| Good — single-stage | 15.2 SEER2 or higher | $75 per ton | $75 per ton |
| Better — multi-stage | 15.2 SEER2 or higher | $150 per ton | $150 per ton |
| Best — variable-capacity | 15.2 SEER2 or higher | $225 per ton | $225 per ton |
| Best — inverter-driven mini-split | 15.2 SEER2 or higher | $225 per ton | — |
Rebate amounts as published by SRP. Limit of five high-efficiency cooling rebates per customer; new construction, window units, and garage or other non-habitable-space installs are excluded. Applications must be submitted within six months of installation. Verify current terms at SRP
Other SRP rebates worth stacking
SRP smart thermostat rebate + Bring Your Own Thermostat
SRP offers a rebate on qualifying smart thermostats and an ongoing bill credit when you enroll the thermostat in its Bring Your Own Thermostat (BYOT) program, which lets SRP nudge your setpoint a few degrees during peak demand events.
Program details at SRPSRP Duct Test and Repair rebate
SRP pays toward professional duct testing, sealing, and repair. This is the highest-return item on the list for most Phoenix-area homes — leaky attic ducts routinely dump 20–30% of your cooling into the attic before it ever reaches a room.
Program details at SRPSRP attic insulation rebate
SRP's insulation rebate covers a share of professionally installed attic insulation. Pairing insulation with duct sealing is what actually lets a right-sized system keep up in July.
Program details at SRPIf you're an APS customer
APS ended its residential equipment rebates on January 1, 2026, so there is no rebate check for a new condenser or heat pump on APS territory. What remains is Cool Rewards, the smart thermostat demand-response program, which pays an enrollment incentive in the first year plus ongoing credits. For APS homes the bigger lever is rate strategy: with a weekday on-peak window, a variable-capacity system and a well-programmed thermostat that pre-cools before peak will save more over ten years than any single rebate would have. We size and set up equipment with that in mind.
Not sure which utility serves your address? Your bill will say. Parts of Queen Creek, San Tan Valley, Gilbert, Mesa, Chandler, Tempe, and Scottsdale are SRP; much of north Phoenix, Anthem, New River, Cave Creek, Peoria, Surprise, and Sun City are APS. We check before we quote so the rebate math in your proposal is real.
Efficiency Arizona (income-qualified)
Efficiency Arizona is the state's Home Energy Rebates program through the Governor's Office of Resiliency. It covers a percentage of project costs — up to $14,000 per household depending on income — for heat pumps, heat pump water heaters, heat pump clothes dryers, electric cooking appliances, and insulation, air sealing, or ventilation work. Eligibility is income-based, and homes that already have a heat pump are not eligible for the heat pump rebate. The program has announced guideline changes, so check status and deadlines directly. efficiencyarizona.com
How we help you actually collect
We check which utility serves your address before we quote, so the incentive math in your proposal reflects the program you're actually eligible for.
We spec AHRI-listed equipment at the tier you want — there's no point installing 15.0 SEER2 equipment and missing a rebate by two tenths of a point.
We run the Manual J load calculation SRP asks for and hand you the certificate with the paperwork.
We sign the contractor terms and conditions agreement and can file the application on your behalf.
We flag the six-month submission deadline in writing at the end of the job so nothing expires in a drawer.
Frequently Asked Questions
Is there still a federal tax credit for a new AC or heat pump in 2026?
No. The federal Energy Efficient Home Improvement Credit (25C) — the one that covered up to $2,000 for a qualifying heat pump and up to $600 for a 200-amp-or-larger panel upgrade — applied to property placed in service through December 31, 2025. The IRS's own program page states the credit covers improvements made through that date. If your equipment was installed in 2025 or earlier and you haven't filed for it, talk to your tax preparer. For 2026 installs, plan around utility and state programs instead, and confirm current federal law with a tax professional before counting on any credit.
Does APS still pay rebates on a new air conditioner?
APS discontinued its residential energy-efficiency equipment rebates effective January 1, 2026, so there is no longer an APS check for installing a high-efficiency AC or heat pump. What APS still offers is Cool Rewards — a smart thermostat program that pays an enrollment incentive and ongoing bill credits in exchange for letting APS adjust your thermostat a few degrees during peak events. If you're on APS, your savings come from the right equipment plus a peak-aware thermostat strategy for the 4–7 p.m. on-peak window, not from an equipment rebate.
How much is the SRP Cool Cash rebate on a 5-ton system?
SRP pays per ton, by compressor type: $75 per ton for a qualifying single-stage system, $150 per ton for multi-stage, and $225 per ton for variable-capacity. On a 5-ton variable-capacity system that works out to $1,125. Every system must be listed in the AHRI Verified Directory at 15.2 SEER2 or higher, and there's a limit of five high-efficiency cooling rebates per customer. Confirm current amounts on SRP's page before you sign anything — programs change.
Who submits the SRP rebate paperwork — me or you?
Either. SRP lets the contractor apply on the customer's behalf, and we're happy to do it. Either way, the package needs a signed contractor terms and conditions agreement, a dated paid invoice, the AHRI certificate for the installed equipment, and the Manual J where applicable. We provide all of that at the end of the job. The critical deadline: the rebate must be submitted within six months of installation.
Do I have to use a specific contractor to get the SRP rebate?
SRP requires that the system be installed by a contractor licensed in Arizona to install residential air conditioning systems, and it requires a signed contractor terms and conditions agreement as part of the application. SRP does not endorse individual contractors. We're licensed and bonded in Arizona under ROC #333121, #366091, and #365919, and we sign the agreement as part of every qualifying install.
Does a new build or a garage mini-split qualify for Cool Cash?
No on both counts. SRP's program excludes new-construction homes, window units, and installations serving garages and other non-habitable spaces. A mini-split conditioning a converted casita or a finished, habitable room is a different story — inverter-driven mini-splits are specifically listed at the $225-per-ton tier. If you're not sure how your space classifies, ask us before you order equipment.
What is Efficiency Arizona and do I qualify?
Efficiency Arizona is the state program run through the Arizona Governor's Office of Resiliency using federal Home Energy Rebates funding. It covers a percentage of project cost — up to $14,000 per household depending on income level — for heat pumps, heat pump water heaters, insulation, air sealing, and ventilation. Eligibility is income-based and homes with an existing heat pump are not eligible for the heat pump rebate. The program has posted changes to its guidelines, so check efficiencyarizona.com for current status and deadlines before planning around it.
Can I stack a utility rebate with financing?
Yes, and most customers do. Financing covers the invoice today; the rebate arrives afterward as a check or bill credit and effectively reduces what you financed. We can walk you through prequalifying with Wisetack — it takes about a minute and doesn't affect your credit score — and handle the rebate paperwork on the same job.