Tax Rebate 2024 Heat Pump 2024. Savings are available nationwide and include: You can receive up to $3,200 in federal tax credits for installing qualifying hvac equipment into an existing home, split between acs, furnaces, or boilers ($1,200).

If you install a heat pump in 2024 and it’s eligible for the full $2,000 rebate, but only owe $1,500 in taxes that year, you cannot claim the other $500 in later years. 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.