Fix First HomeWhat home-upgrade rebates actually pay — and who you apply to.

Fix First Home › Arizona › SRP Cool Cash air conditioner and heat pump rebate

SRP Cool Cash air conditioner and heat pump rebate open

Administered by SRP (Salt River Project), with the Electric League of Arizona.

SRP pays $75, $150 or $225 per ton toward a new central air conditioner, heat pump or mini-split, by compressor type, up to $1,125 for a five-ton variable-capacity system. Systems must be installed before 30 April 2027 and claimed within six months; any income, owners or renters.

source · verified 2 October 2026 · amounts in US dollars

What it pays

Cool Cash rebates, per ton of nominal cooling capacity
UpgradeConditionUp to
Heat pump or AC, single-stage compressor15.2 SEER2 or higher; per ton$75
Heat pump or AC, multi-stage compressor15.2 SEER2 or higher; per ton$150
Heat pump or AC, variable-capacity compressor15.2 SEER2 or higher; per ton$225
Inverter-driven mini-split heat pump15.2 SEER2 or higher; per ton (no AC-only mini-split rebate)$225
Most for one systemSRP's own headline figure$1,125

Paid by ton or half-ton of nominal cooling capacity; the page's headline maximum is $1,125. Up to five systems per customer, each with its own application. Single-stage systems need a Manual J load calculation.

Who is eligible

who
Permanent SRP residential electric customers in a house, mobile home, apartment or condo.
what
Replacing or supplementing an existing central heat pump or central AC; both indoor and outdoor units on split systems.
installer
A contractor licensed in Arizona for residential air conditioning, who signs SRP's contractor terms.

What disqualifies you

The rules people find out about after the work is done.

  • New construction homes.
  • Window units, and installations in garages or other non-habitable spaces.
  • Applications more than six months after installation.

Where the application goes

Apply in SRP's Rebate Center online, or email the signed contractor agreement, paid invoice and application to the Electric League of Arizona.

Where the application goes
If this is youApply here
Cool Cashsrpnet.com
Email[email protected]
Phone(602) 264-3108

The thing most pages get wrong

'Up to $1,125' is the most for one system, and only a five-ton variable-capacity unit or inverter mini-split reaches it. The rebate is paid per ton, at $75, $150 or $225 by compressor type, so a smaller or single-stage system gets a fraction of the headline figure.

Gas furnaces are not part of it

Cool Cash pays for the electric cooling and heat pump side. SRP's other home rebates cover attic insulation, duct repair, windows and shade screens.