: 9 Year Heat Pump Tax Credit Information

9 Year Heat Pump Tax Credit Information

On January 1, 2023, the new 9 year heat pump tax credit began. The new tax credit of $2,000 is available on purchases of all Energy Star air source heat pumps purchased and installed between January 1, 2023, and December 31, 2032.

What Products Are Eligible for the 9 Year Heat Pump Tax Credit?

All ducted heat pumps with an Energy Star rating are eligible for the 9 year heat pump tax credit. Some of the Energy Star mini-split systems (non-ducted) are also qualified to receive this credit. Geothermal heat pumps also have a rebate. However, the rebate for these pumps is under a different program and does not qualify for this specific rebate.

Get the Most From Your Yearly Rebates

Under this new energy efficiency program, homeowners can get up to $3,200 back each year for energy-efficient home improvements. You can combine the $2,000 heat pump rebate with rebates for Energy Star water heaters, add insulation to your home, upgrade doors and windows to energy-efficient ones, or add skylights to your home. If you need to have upgrades completed to your electrical box to accommodate a new energy-efficient water heater, you can also get a rebate of up to $600 for this service. This rebate is also included in the $3,200 maximum for each year. Homeowners can plan upgrades for their homes each year that will reduce their energy costs while enjoying the rebates available for these services.

Trust the HVAC Pros at Horn Plumbing & Heating

Schedule Your Heating and Cooling Upgrade Today

Schedule an appointment with Horn Plumbing & Heating if you are ready to take advantage of the 9 year heat pump tax credit. Horn Plumbing & Heating has proudly served West Chester and the surrounding areas for many years and can help you take advantage of these tax credits. We provide installation and repair services for all types of heating and cooling equipment, and we can help you select the right heat pump for your home based on size and how you use your heating and cooling system. We also work with Energy Star units, so your new system will qualify for the rebate program. For more information about the 9 year heat pump tax credit or to schedule an appointment for a free estimate, contact Horn Plumbing & Heating today.