Want to switch to a heat pump? You could snag $2,000 to $8,000 back, but the rules are changing, so pay attention!
Who’s Eligible?
-
Federal Tax Credit:
- Up to $2,000
- Must be an ENERGY STAR heat pump
- Ends Dec 31, 2025
-
State Rebates:
- Up to $8,000 based on your income
- For example:
- Low income: You get the full rebate
- Middle income: You get some money back
- High income: Might not be eligible
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See what you can get by checking your state’s program and Area Median Income (AMI).
States Giving Out Rebates Right Now
- California
- New York
- Maine
- Georgia
- New Mexico
- Arizona
- Washington, D.C.
Heads Up! Deadline Approaching
These rebates were supposed to stick around until 2032, but a lot of them will end by 2025. Don’t wait too long!
Here’s What to Do
- Find out your income level
- Look for your state’s rebate program
- Get a heat pump that qualifies
- Use IRS Form 5695 to claim your tax credit
Do it now before the rebates are gone!