Explore potential savings with clean energy incentives such as tax credits and rebates when you choose rooftop solar, heat pump and other clean energy solutions!
As part of the federal program, homeowners are eligible for a 30% tax credit on the purchase and installation of a qualified heat pump, up to a maximum credit of $2,000. But depending on your household income, you could be eligible for even higher savings. Through the IRA’s heat pump...
Please contact a tax professional or CPA to confirm details specific to your qualifications and eligibility. ††One heat pump water heater rebate per customer address purchased after January 2, 2024. Rebate not to exceed total purchase price. Mail-in rebate is not valid if instant rebate ...
According to Mass Save, installing a whole-home air source heat pump in 2022cost an average $22,000 to install before any incentives. After a standard Mass Save rebate andfederal tax credit, the net average price of a whole-house installation was $10,000. Those receiving income-based incent...
Long before the IRA came on the scene, many states already had their own programs that give out money for home energy improvements. They might be tax credits or direct rebates off the sticker price of a heat pump. To find out what's available in your state, check with your utility compa...
As of 2024, high-efficiency heat pumps qualify for a federal tax credit of up to $2,000. This credit is available to all taxpayers. Larger federally funded heat pump rebates of up to $8,000 are currently available in at least one state, with more to come over the next few years. In...
States and localities may offer additional rebates, tax credits, and incentives. For instance, in North Carolina, theHome Electrification and Appliance Rebateprogram offers a rebate of up to $8,000 for the purchase and installation of an eligible Energy Star-certified heat pump. ...
Join the CleanBC Better Homes Energy Savings Program with Reliance Home Comfort. Starting June 18, 2024, you could get between $12,000 and $21,000 in rebates for heat pumps and home efficiency upgrades. Help save on energy bills and enhance your home's c
’ monthly energy expenditure. By adopting hybrid heat pumps end-users can also benefit from a tax credit or rebate thereby driving this segment’s growth. Moreover, utilizing a hybrid heat pump reduces carbon footprint as these heat pumps can switch between a gas furnace and a heat pump....
The government ofCanadahas launched the Oil to Heat Pump Affordability (OHPA) rebate scheme, first announced in November 2022. Low- and middle-income households currently heating their homes with oil can now apply to receive an upfront payment of up to CAD 10,000 ($7,413) towards purchasing...