SRP customers can receive a Cool Cash rebate of $75 to $225 per ton, up to $1,125, when they install a qualifying high-efficiency air conditioner or heat pump. Systems must have a SEER2 rating of 15.2 or higher and be installed by a contractor licensed in Arizona, and the rebate must be submitted within six months of installation.
Rebate amounts per ton
| System type | Rebate per ton |
|---|---|
| Single-stage AC or heat pump | $75 |
| Multi-stage AC or heat pump | $150 |
| Variable-capacity AC or heat pump | $225 |
| Inverter-driven mini split heat pump | $225 |
Key requirements
- You must be an SRP residential electric customer
- Equipment must be AHRI-listed with SEER2 of 15.2 or higher
- Installed by a contractor licensed in Arizona
- Single-stage systems require a Manual J load calculation with the application
- Installation must be completed by April 30, 2027 under the current program
- Submit your rebate within 6 months of installation
Are you an SRP or APS customer?
Homes in Surprise and Sun City West may be served by either APS or SRP, so check your electric bill. Cool Cash is an SRP program. According to several Arizona HVAC sources, APS ended its residential AC and heat pump rebates at the start of 2026, so confirm current offerings directly with APS if you are an APS customer.
How we help
When you choose a new system, we will tell you which options meet the Cool Cash requirements, provide the equipment and installation details you need for your application.