Stay cool with an AC rebate

Get up to $800 back on a new energy-efficient AC or heat pump

Correct sizing of your AC or heat pump system and proper installation are critical to ensuring your energy savings and maximum indoor comfort. Our Cool Cash rebate program requires your contractor to install and verify your new air conditioner meets industry standards and manufacturer specifications to operate at peak efficiency.

The chart below identifies the rebates available for the various equipment configurations.

Central AC and Heat Pump

Package and
Split Systems
(Heat pumps only)
15.0 or higher 12.0 or higher 8 or higher $200
16.0 or higher $400
17.0 or higher $600
Variable-capacity compressor $800

All qualifying equipment must be listed in the CEE/ARI Verified Directories as meeting or exceeding the efficiency minimums required by the program (

AC system warning signs

It's time to call an SRP Certified Contractor, if your:
  • Central air conditioner or heat pump is 10 years or older.
  • Electricity use increases while your comfort decreases.
  • Cooling or heating system is noisy.
  • System runs longer to maintain the same thermostat setting.

AC rebate program requirements

To participate you must:

  • Be a permanent SRP residential electric customer that resides in a single-family detached, single family attached (duplex, triplex or quadplex only), mobile home or apartment/condo (duplex, triplex or quadplex only).
  • Replace an existing central heat pump or central AC with a new high-efficiency system that meets minimum efficiency ratings.
  • New construction homes and window units do not qualify.
  • Have the qualified system installed by a residential licensed contractor by April 30, 2017.
  • Both indoor air handler and condensing units must be replaced on split systems.

How to apply for rebate

  • Complete a rebate applicationDocument is a PDF with your contractor and mail it to:
    SRP Cool Cash Rebate Program
    2702 N. Third St., Suite 2020
    Phoenix, AZ 85004
  • Include a copy of the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) certificate stating the certified efficiency rating of your new system. Applications and the AHRI certificate can be obtained by calling (602) 264-3108.
  • Upon request by SRP, you must allow SRP or our agent to inspect the installed unit to verify compliance with Cool Cash requirements.
  • For a licensed contractor referral or for details about the application process, call
    (602) 264-3108 or the SRP Certified Contractor Program at (602) 274-6808.

NOTE: SRP reserves the right to change or cancel this promotion or its terms and conditions at any time.

Terms to know

  • Seasonal energy efficiency ratio (SEER): measures how efficiently a central cooling system (air conditioner or heat pump) will operate over an entire cooling season
  • Energy efficiency ratio (EER): measures how efficiently a cooling system will operate when the outdoor temperature is at a specific level (usually 95ยบ F)
  • Heating season performance factor (HSPF): measures how efficiently heat pumps will operate in their heating mode over an entire heating season
  • Variable speed capacity systems: continuously adjust (modulate) power output of the compressor motor enabling it to speed up or slow down according to the heating or cooling load in the home. This ability to modulate compressor capacity enables many of the advantages of variable speed technology including improved efficiency, comfort and precise cooling/heating load matching. Pre-set stage compressors do not qualify for the variable capacity compressor rebate but may qualify for other rebates.

Did you know:

Leaky ducts can add about $200 a year to cooling and heating costs. Get your air ducts tested and repaired, if necessary, before buying a new AC system.

Curious about how much you could save with a high-efficiency AC system? Use our online calculator to find out.

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