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SRP Heat Pump Rebates 2026: Amount and Rules

See SRP Cool Cash heat pump and AC rebate amounts, equipment requirements, contractor rules, service territory notes, and the six-month application window.

At a glance

active
Program
SRP Cool Cash air conditioner and heat pump rebates
Amount or current status
SRP lists $75 per ton for single-stage systems, $150 per ton for multi-stage systems, and $225 per ton for variable-capacity systems. Inverter-driven mini-split heat pumps can qualify for $225 per ton.
Service territory
SRP serves customers in and around central Arizona. Some addresses in the Valley are served by another electric utility, so check the address or the provider named on the bill.
Source check
2026-08-31

SRP Cool Cash air conditioner and heat pump rebates

SRP lists $75 per ton for single-stage systems, $150 per ton for multi-stage systems, and $225 per ton for variable-capacity systems. Inverter-driven mini-split heat pumps can qualify for $225 per ton.

Who may qualify

A permanent SRP residential electric customer can qualify for a new central heat pump, central AC, or mini-split that replaces or supplements an existing system and meets the current efficiency rules. The system must be installed by an Arizona-licensed contractor before April 30, 2027.

Equipment rules

Qualifying equipment must be at least 15.2 SEER2 and listed in an AHRI Verified Directory. Central split systems require replacement of both the indoor air handler and condensing unit. Single-stage systems require a Manual J load calculation with the application.

Contractor rule

Use an SRP participating contractor. The contractor must be licensed in Arizona to install residential air-conditioning systems.

How to apply

Download the checklist, have the contractor sign the terms, and apply through SRP's Rebate Center. An email and hard-copy route is also listed for customers who do not create an online account.

Pre-approval

The current page describes an application after installation rather than a separate pre-approval step. Confirm the terms with SRP before equipment is ordered.

Timing and funding

Install the qualifying system before April 30, 2027 and submit the rebate within six months of installation. SRP limits customers to five high-efficiency cooling-system rebates.

Documents to keep

The application path can require the signed contractor agreement, paid invoice, completed application, and Manual J load calculation for a single-stage system.

Next review: Review before April 30, 2027 or when SRP updates its Cool Cash terms.

Check the provider before you buy

A city match is only a starting point. Confirm the utility named on the bill, the exact equipment model, contractor rule, application timing, and available funding. Use the provider source below as the final authority for a claim.

Verified locations and service states

This record covers Arizona. The provider's service territory may not match every address in a city or state.

Plan the project

The calculator estimates operating-cost differences from your own heating details. It does not subtract this program's maximum or promise approval.

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