Phoenix Home Answers

What AC rebates does SRP offer?

Updated

As of September 2026, the SRP AC rebate is called Cool Cash, and it pays up to $1,125 back on a new high-efficiency air conditioner, heat pump, or mini split. It only applies if SRP is your electric utility. In Maricopa County, electric service comes from either SRP or APS depending on where you live, so check the name on your electric bill or enter your address in SRP’s service-area lookup before you plan around this rebate.

What SRP’s Cool Cash rebate pays in 2026

SRP pays Cool Cash by the ton, and the rate depends on the type of compressor in the new system. SRP’s current tiers are the same for central air conditioners and heat pumps:

  • Single-stage compressor: $75 per ton
  • Multi-stage compressor: $150 per ton
  • Variable-capacity compressor: $225 per ton
  • Inverter-driven mini split (heat pump only): $225 per ton, ducted or ductless

At those rates, a 3-ton multi-stage system would earn $450, and the same size variable-capacity system would earn $675. SRP limits each customer to five high-efficiency cooling system rebates.

What equipment qualifies for an SRP AC rebate

As of September 2026, every tier requires a SEER2 rating of 15.2 or higher, and the equipment must be listed in the AHRI Verified Directories as meeting that minimum. If you’re comparing systems, our guide to SEER2 ratings in Phoenix explains what the number means.

SRP also sets rules about the home and the job:

  • You must be a permanent SRP residential electric customer living in a single-family detached or attached home, a mobile home, or an apartment or condo. SRP’s printed application form omits mobile homes, so mobile-home owners should confirm eligibility with SRP first.
  • The new system must replace or supplement an existing central heat pump or central AC. On split central systems, both the indoor air handler and the outdoor condensing unit must be replaced.
  • New construction homes, window units, and installations in garages or other non-habitable spaces don’t qualify.

How to apply, and the current deadlines

The installer must be a contractor licensed in Arizona to install residential air-conditioning systems, and they have to sign SRP’s Contractor Terms and Conditions agreement, which goes in with your application. SRP’s current Cool Cash application terms also have the contractor certify that the system is sized using ACCA Manual J or an equivalent load calculation and that airflow and refrigerant charge are within set tolerances.

To apply:

  1. Download the Cool Cash checklist and the contractor agreement from SRP’s AC rebate page.
  2. Have your contractor sign the agreement.
  3. Apply online through SRP’s Rebate Center, or send the application with the signed agreement and your paid invoice.
  4. If the system is single-stage, include the Manual J load calculation. SRP says applications without it will be delayed or denied.

Two deadlines apply in the current program year. The system must be installed by April 30, 2027, and the rebate must be submitted within six months of installation. For questions, SRP lists (602) 264-3108, the Electric League of Arizona line that handles its rebate program.

Other SRP programs that help with cooling costs

As of September 2026, SRP runs a few other programs that affect how well your AC performs:

  • Duct test and repair: SRP pays 75% of the cost of duct testing and qualified repairs, up to $400 for a single-family detached home and up to $300 for a mobile home, apartment, condo, or townhouse. The work must be done by a BPI-certified participating contractor by April 30, 2027, and the rebate must be submitted within six months of the repairs.
  • Bring Your Own Thermostat (BYOT): SRP gives a $50 bill credit per enrolled smart thermostat, up to $100, plus $25 per thermostat each year you stay in. In return, SRP can adjust your thermostat during up to 15 conservation events per season, held May through October (except holidays) between noon and 9 p.m.
  • Efficiency Arizona (HEAR): a separate program, not run by SRP, that offers electrification rebates to households at or below 150% of area median income. Homes that already have a heat pump don’t qualify for its heat pump rebate.

SRP changes program names, amounts, and deadlines from one program year to the next, so check the current terms on srpnet.com before you sign a contract. If you’re served by APS instead, see what AC rebates APS offers.

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