Side-by-side comparison of these two energy incentive programs. See which one offers better savings for your situation.
| Feature | EV Charger Installation Credit (EVSE) | Geothermal Heat Pump Tax Credit |
|---|---|---|
| Type | Tax Credit | Tax Credit |
| Category | Electric Vehicles | HVAC / Heat Pumps |
| Amount | 30% up to $1,000 | 30% |
| Max Amount | $1,000 (residential) | No cap |
| Level | Federal | Federal |
| Eligibility | Must be in a low-income or rural census tract. Residential cap $1,000, commercial cap $100,000. | Homeowners (new or existing homes, primary or secondary residence). |
| Applies To | Homeowners, businesses | Homeowners |
| Location | Nationwide | Nationwide |
| How to Claim | File IRS Form 8911. | File IRS Form 5695 (Residential Clean Energy Credit, not Home Improvement Credit). |
| Expiration | Available through 2032 | 30% through 2032, 26% in 2033, 22% in 2034 |
30% tax credit for installing EV charging equipment at home. Covers Level 2 chargers and installation costs. Property must be in eligible census tract.
Official source →30% tax credit for geothermal heat pump systems with no upper limit. Covers equipment and installation costs for ground-source heat pumps meeting ENERGY STAR requirements.
Official source →