Tax Rebate 2024 Heat Pump Rebate. 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. 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.

Enjoy annual tax credits as a homeowner from january 2023 to december 2032, regardless of your income level. (this is different than the 25d credit for solar,.