2024 Tax Credits For Heat Pump Replacement. Starting january 1, 2023, new federal tax credits. See what heat pumps qualify for inflation reduction act heat pump tax credits and incentives, along with info about heat pump tax credit and rebate amounts for both heat.
โ families who install an efficient electric heat pump for heating and cooling can receive a tax credit of up to $2,000 and save an average of $500 per year on. โ for example, if sofia joseph purchases a new heat pump water heater for $2,000 and receives a $1,000 rebate through her stateโs hear program, she may claim.