Inflation Reduction Act: Heat Pump Water Heater tax credit
Save money when upgrading to an energy-efficient water heater with a tax credit from the federal government.
Rebate Overview
Overview
The Inflation Reduction Act: Heat Pump Water Heater tax credit is a federal tax credit designed to make your home more energy-efficient. This incentive allows you to claim 30% of the project cost, up to a maximum of $2,000, when you install a qualifying heat pump water heater. The credit is available for products purchased and installed between January 1, 2023, and December 31, 2032. To be eligible, the heat pump water heater must meet or exceed the highest efficiency tier established by the Consortium for Energy Efficiency. This rebate only applies to replacing existing appliances.
Benefits
Upgrading to a heat pump water heater can make your home more comfortable and energy-efficient. It can also increase your home's value and help reduce your carbon footprint, contributing to a healthier environment. Plus, taking advantage of this tax credit can lead to significant savings on your energy bills. For free guidance and more information, contact QuitCarbon today!
Details
- Start date: January 1, 2023
- Expiration date: December 31, 2032
- Incentive type: Tax Credit
- Amount: $ 2,000
- Maximum Amount: $ 2,000
- Maximum Percent:
- Category: Water Heater Heat Pump
- Link: More details
Maximize Your Savings with QuitCarbon
QuitCarbon's free, expert guidance makes it simple and affordable to get fossil fuels out of our homes. We've helped thousands of homeowners with planning, installation, and rebates on upgrades like heat pumps, mini-splits, induction cooking, and EV chargers.
QuitCarbon is a certified B Corp and ENERGY STAR® partner that provides free assistance with clean energy upgrades.
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QuitCarbon will maximize your cost savings with holistic planning, guidance on rebates, introductions to vetted contractors, and expert bid reviews.
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