2024 Tax Credits For Heat Pumps. While heat pumps are a key target for this incentive, other hvac upgrades like efficient furnaces and air conditioners also qualify. But beginning in 2023, you could be eligible for a tax credit of up to $2,000 for qualifying heat pumps and heat pump water heaters under the new tax guidelines included in the inflation reduction act.
The credits apply to units purchased and installed between january 1, 2023, and december 31, 2034. Learn how to claim credits on your tax return.
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