Article Summary –
Households that install heat pumps with a thermal efficiency rating of at least 75% can receive up to $2,000 in tax credits, as well as potential energy cost savings, thanks to a rebate applicable when filing taxes. The Inflation Reduction Act and the Energy Efficient Home Improvement Credit also offer incentives for other home improvements, such as updates to doors, windows, insulation, water heaters, and solar panels. The rebate credit is available for any existing primary residences in the U.S. until January 1, 2033 and can be claimed annually for eligible improvements, with no lifetime dollar limit.
Uncover Tax Credits and Energy Savings with High Efficiency Heat Pumps
Homeowners installing heat pumps with a thermal efficiency rating of 75% or higher could qualify for up to $2,000 in tax credits, alongside significant energy cost savings. Purchasing a new heat pump in 2024? Remember to apply the rebate when filing this year’s taxes by the April 15, 2025 deadline. However, the Inflation Reduction Act and Energy Efficient Home Improvement Credit isn’t limited to new air conditioning technologies. Incentives also extend to certain upgraded doors, windows, insulation, water heaters, solar panels, and more.
Are You Eligible For The Energy Efficient Home Improvement Credit?
The Energy Efficient Home Improvement Credit is open to all homes in the U.S., as long as they are existing primary residences. Unfortunately, new builds and landlords are excluded. This rebate credit opportunity is valid until January 1, 2033, and there’s no lifetime dollar limit, meaning it can be claimed yearly with every eligible improvement.
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