To participate, you must: Be a permanent SRP residential electric customer who lives in a single-family detached home, single-family attached home, mobile home or apartment/condo. Have the qualified system installed by a contractor licensed in Arizona to install residential air-conditioning systems before April 30, 2027. Replace or supplement an existing central heat pump or central AC with a new high-efficiency system that meets minimum efficiency ratings. Submit Manual J load calculations with your application on single-stage systems (otherwise, your application will be delayed or denied). Load calculations are not required for multi-stage or variable-capacity systems. Allow, upon request, SRP or our agent to inspect the installed unit to verify compliance with SRP Cool Cash requirements. Please note: New Construction homes, window units, and installations in garages and other non-habitable spaces do not qualify for the rebate. Both indoor air handler and condensing units must be replaced on split central systems. REBATE MUST BE SUBMITTED WITHIN 6 MONTHS OF INSTALLATION. Please read the Terms and Conditions for complete program requirements. The State of Arizona offers a Weatherization Assistance Program (WAP) available for households with lower incomes that qualify for Supplemental Security Income, Aid to Families with Dependent Children, and other income eligibility criteria. This program includes a home energy assessment and common home improvements such as testing, tuning, and maintaining cooling and heating equipment. In some cases, cooling and heating equipment may be replaced with new equipment. Please see the link for additional information. The State of Arizona also offers the Efficiency Arizona program, which may provide rebates for qualifying households installing energy-efficient electric technologies, including heat pumps, heat pump water heaters and other home energy upgrades. Eligibility requirements and available rebate amounts are determined by the state. Please see the link for additional information. SRP reserves the right to change or cancel this promotion and its terms and conditions at any time.

Choosing a new AC unit

Arizona’s summers are hot, but that doesn’t mean that a large AC system is the best way to stay cool. A unit that’s too big for your home can lead to expensive energy bills and may cause “short cycling,” which will wear the unit out. Short cycling happens when an oversized AC cools your home quickly instead of gradually, causing the unit to rapidly turn on and off. Qualifying AC units Central AC, heat pump and mini-split packages and systems Compressor SEER2 Heat Pump (Rebate per ton) AC (Rebate per ton) Good: Single-stage 15.2 or higher $75 $75 Better: Multi-stage 15.2 or higher $150 $150 Best: Variable-capacity 15.2 or higher $225 $225 Best: Inverter-driven mini-split 15.2 or higher $225 — × Beginning Jan. 1, 2023, the current AC SEER ratings will be replaced by SEER2 ratings. The new ratings represent the increased equipment efficiency with the new testing and calculation procedures that will take effect in 2023. These changes made by DOE represent improvements that more accurately reflect field conditions across the country and, more importantly, here in the Southwest. × Single-stage compressors always operate at 100% capacity. They turn on, run full blast and turn off throughout the day to maintain the temperature you've set on your thermostat. While this type of compressor has been the standard for many years, there are better options to maintain comfort and save energy. × Where single-stage compressors offer one level (high), multi-stage compressors operate at two or more levels of capacity. The highest level of capacity will meet your comfort needs during the harshest conditions. In milder conditions, however, the system will operate at lower levels of capacity for longer periods of time. This helps manage comfort and indoor humidity better than a single-stage system, while using less energy. All qualifying equipment must be listed in the AHRI Verified Directories as meeting or exceeding the efficiency minimums. Mini-splits can be ducted or ductless. Incentives paid by ton or half-ton of the system's nominal cooling capacity as listed by manufacturer's specifications. × Variable-capacity compressors continuously adjust, or modulate, their capacity in small increments throughout the day to precisely match the heating or cooling needs of your home. These systems provide a steady and consistent stream of temperature and humidity-controlled air for much longer periods of time, which delivers the highest levels of comfort and efficiency. × Inverter-driven mini-split compressors are very similar to variable-capacity compressors, in that they adjust their capacity to deliver the highest levels of comfort and efficiency. However, they often replace or supplement traditional central heating or cooling systems with smaller, ductless or ducted system configurations to serve individual rooms or zones. Some compressor models can support as many as four indoor air handling units, providing the opportunity to create four individually controlled temperature zones.

Work with a qualified contractor

A participating contractor can help you choose the best system to keep you comfortable all summer long. They’ll also make sure it’s installed according to industry and manufacturer specifications so that it works at peak efficiency. Find a contractor

The seasonal energy efficiency ratio (SEER) measures how efficiently a central cooling system will run during an entire cooling season. The ratio is calculated by dividing the cooling output of the air conditioner (or heat pump) by the energy it uses in kilowatt hours. The higher the SEER rating, the more comfort you get for each dollar spent.

Why must I use a qualified contractor?

While SRP does not endorse any particular contractor, working with a qualified contractor ensures that the unit you buy and its installation follow industry and manufacturer standards. This also ensures your eligibility for the SRP Cool Cash Rebate.

What documents do I need to include with my application?

Paid-in-full itemized invoice or receipt AHRI reference number Model/unit number, coil model number, furnace model number, if applicable System type Compressor type, size of system in tons Signed Contractor Terms and Conditions agreement For a more detailed list, download the SRP Cool Cash Rebate checklist. Most of these items will be provided by your contractor.

Can I apply after I’ve already installed my unit?

Yes. If you’ve installed a new energy-efficient unit that meets our rebate requirements within the last six months and have paperwork showing the installation date, you can apply.

Does SRP offer a rebate for my existing unit?

No. At this time, our current rebate is only for new units.

Back to all rebates

SRP air conditioning rebate

Save up to $1,125 on a new energy-efficient air conditioning (AC) unit with the SRP Cool Cash™ Rebate.

STEP 1

Discover the benefits

STEP 2

See rebate details

STEP 3

Explore requirements

STEP 4

Apply now

STEP 1

Discover the benefits

A new air conditioner can help you keep your cool and save energy.

Depending on its size, a new AC could save you over $600 per year on energy bills.

Estimated savings of a new AC unit

Explore the estimated savings of these rebate-qualifying AC units.

Compressor type: Single-stage (16-SEER/15.2-SEER2)

Size (tons)	1-year savings estimate*	15-year savings estimate*
3	$240	$3,600
4	$320	$4,800
5	$400	$6,000

Compressor type: Multi-stage (18-SEER/17.0-SEER2)

Size (tons)	1-year savings estimate*	15-year savings estimate*
3	$300	$4,500
4	$400	$6,000
5	$500	$7,500

Compressor type: Variable-capacity (21-SEER/20.0-SEER2)

Size (tons)	1-year savings estimate*	15-year savings estimate*
3	$370	$5,500
4	$490	$7,350
5	$610	$9,150

*Results will vary. Assumes replacement of existing 11 SEER system, $0.11/kWh and 2,141 cooling hours.

STEP 2

See rebate details

If you’re considering a new AC unit, heat pump or mini-split system, the SRP Cool Cash Rebate can help you get up to $1,125 back on your initial investment.

Save up to $1,125 on a new AC unit.

Signs it’s time to upgrade

Are you ready to upgrade your AC? Here are some signs it’s time:

Your equipment is 10-plus years old.
Your system is extra noisy.
Your unit runs longer to maintain the same thermostat setting.

STEP 3

Explore requirements

Find out if you’re eligible for the SRP Cool Cash Rebate and what you’ll need to apply.

To participate, you must:
- Be a permanent SRP residential electric customer who lives in a single-family detached home, single-family attached home, mobile home or apartment/condo.
- Have the qualified system installed by a contractor licensed in Arizona to install residential air-conditioning systems before April 30, 2027.
- Replace or supplement an existing central heat pump or central AC with a new high-efficiency system that meets minimum efficiency ratings.
- Submit Manual J load calculations with your application on single-stage systems (otherwise, your application will be delayed or denied). Load calculations are not required for multi-stage or variable-capacity systems.
- Allow, upon request, SRP or our agent to inspect the installed unit to verify compliance with SRP Cool Cash requirements.
Please note:
- New Construction homes, window units, and installations in garages and other non-habitable spaces do not qualify for the rebate.
- Both indoor air handler and condensing units must be replaced on split central systems.
- REBATE MUST BE SUBMITTED WITHIN 6 MONTHS OF INSTALLATION.
- Please read the Terms and Conditions for complete program requirements.
The State of Arizona offers a Weatherization Assistance Program (Opens in a new tab) (WAP) available for households with lower incomes that qualify for Supplemental Security Income, Aid to Families with Dependent Children, and other income eligibility criteria. This program includes a home energy assessment and common home improvements such as testing, tuning, and maintaining cooling and heating equipment. In some cases, cooling and heating equipment may be replaced with new equipment. Please see the link (Opens in a new tab) for additional information.
The State of Arizona also offers the Efficiency Arizona (Opens in a new tab) program, which may provide rebates for qualifying households installing energy-efficient electric technologies, including heat pumps, heat pump water heaters and other home energy upgrades. Eligibility requirements and available rebate amounts are determined by the state. Please see the link (Opens in a new tab) for additional information.
SRP reserves the right to change or cancel this promotion and its terms and conditions at any time.

Arizona’s summers are hot, but that doesn’t mean that a large AC system is the best way to stay cool. A unit that’s too big for your home can lead to expensive energy bills and may cause “short cycling,” which will wear the unit out. Short cycling happens when an oversized AC cools your home quickly instead of gradually, causing the unit to rapidly turn on and off.

Qualifying AC units

Central AC, heat pump and mini-split packages and systems

Compressor	SEER2	Heat Pump (Rebate per ton)	AC (Rebate per ton)
Good: Single-stage	15.2 or higher	$75	$75
Better: Multi-stage	15.2 or higher	$150	$150
Best: Variable-capacity	15.2 or higher	$225	$225
Best: Inverter-driven mini-split	15.2 or higher	$225	—

All qualifying equipment must be listed in the AHRI Verified Directories as meeting or exceeding the efficiency minimums. (Opens in a new tab)

Mini-splits can be ducted or ductless. Incentives paid by ton or half-ton of the system's nominal cooling capacity as listed by manufacturer's specifications.

A participating contractor can help you choose the best system to keep you comfortable all summer long. They’ll also make sure it’s installed according to industry and manufacturer specifications so that it works at peak efficiency.
Find a contractor (Opens in a new tab)

STEP 4

Apply for the rebate

Take these steps to apply for the SRP Cool Cash Rebate.

Download the SRP Cool Cash Rebate checklist.
Download the Contractor Terms and Conditions agreement and have your qualified contractor sign the form.
Complete the online application via SRP’s Rebate Center (Opens in a new tab). By creating an account, you can manage all SRP rebates in one place. You’ll upload the contractor agreement as part of this process.

If you don't want to create an account, email your signed contractor agreement, a dated copy of the paid invoice, a copy of the Manual J (if applicable) and a completed hard copy of the application to [email protected].

If you are applying for more than one rebate, a separate rebate application must be completed and submitted for each unit that you purchased and installed. The limit is five high-efficiency cooling system rebates per customer.

Contractors can apply for the rebate on behalf of customers following the steps above.

Apply online

Other ways to improve your AC

	Leave the air vents open. Closing vents in >10% of your home creates a pressure imbalance and reduces the effectiveness of your cooling system.
	Do moisture-producing chores when it is cooler. Wash clothes, do dishes and mop floors either early in the morning or at night to keep your system from working harder.
	Install a programmable thermostat. Set your thermostat to allow the temperature in your home to increase by 5 to 10 degrees while you're away and to return to a comfortable temperature an hour before you return.
	Turn your air-conditioning fan to "auto." When setting the AC unit to "auto," you don't use the system's central fan to provide air circulation — use circulating fans in individual rooms.
	Buy a higher-SEER unit when replacing your cooling system. The higher the number, the more cooling you’ll get for your dollar. Ask a qualified air-conditioning contractor what level of efficiency is right for your home.

FAQ

The seasonal energy efficiency ratio (SEER) measures how efficiently a central cooling system will run during an entire cooling season. The ratio is calculated by dividing the cooling output of the air conditioner (or heat pump) by the energy it uses in kilowatt hours. The higher the SEER rating, the more comfort you get for each dollar spent.
While SRP does not endorse any particular contractor, working with a qualified contractor ensures that the unit you buy and its installation follow industry and manufacturer standards. This also ensures your eligibility for the SRP Cool Cash Rebate.
- Paid-in-full itemized invoice or receipt AHRI reference number
- Model/unit number, coil model number, furnace model number, if applicable
- System type
- Compressor type, size of system in tons
- Signed Contractor Terms and Conditions agreement
For a more detailed list, download the SRP Cool Cash Rebate checklist. Most of these items will be provided by your contractor.
Yes. If you’ve installed a new energy-efficient unit that meets our rebate requirements within the last six months and have paperwork showing the installation date, you can apply.
No. At this time, our current rebate is only for new units.

Questions?

This program is in partnership with the Electric League of Arizona (ELA). For questions, call ELA at (602) 264-3108 or email [email protected].