Inflation Reduction Act 2024 Heat Pump. Inflation reduction act heat pump rebate if your household income is less than 80% your area’s median income, you may receive the maximum heat pump rebate, covering your new heat pump at 100% up to $8,000. If you install a heat pump or a heat pump water heater, starting in 2023, you could receive a tax credit of up to $2,000 and a significant rebate (depending on your.
Families who install an efficient electric heat pump for heating and cooling can receive a tax credit of up to $2,000 and save an average of $500 per year on energy bills. The inflation reduction act (ira) provides support for the clean energy transition in multiple ways.