Tax Rebate 2024 Heat Pump Cost . Federal tax credits can also help cut costs. Homeowners can claim up to $2,000 (or 30% of the cost) toward the purchase and installation of the heat pump, plus any electrical upgrades needed to.
For heat pump and heat pump water heater projects, the tax credit amount is 30% of the total project cost (includes equipment and installation), up to a $2,000. 30% of your project costs, up to $2,000 per year.
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