Tax Rebate 2024 Heat Pump. Up to $2,000 with a qualified heat pump, heat pump water heater, or boiler; If you install an efficient heat pump, you are eligible for a federal tax credit that will cover 30% up to $2,000 of the heat pump cost and installation.
If you install a heat pump in 2024 and itโs eligible for the full $2,000 rebate, but only owe $1,500 in taxes that year, you cannot claim the other $500 in later years. This tax credit through the inflation reduction act is available through 2032 and is capped at $2,000 per year.