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) | Heat Pump Tax Credit (Energy Efficient Home Improvement) |
|---|---|---|
| Type | Tax Credit | Tax Credit |
| Category | Electric Vehicles | HVAC / Heat Pumps |
| Amount | 30% up to $1,000 | 30% up to $2,000 |
| Max Amount | $1,000 (residential) | $2,000 |
| Level | Federal | Federal |
| Eligibility | Must be in a low-income or rural census tract. Residential cap $1,000, commercial cap $100,000. | Existing homes (principal residence). Must meet CEE or ENERGY STAR efficiency requirements. |
| Applies To | Homeowners, businesses | Homeowners |
| Location | Nationwide | Nationwide |
| How to Claim | File IRS Form 8911. | File IRS Form 5695 with your federal tax return. |
| Expiration | Available through 2032 | Available through 2032 |
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 qualified heat pumps (air-source and geothermal), heat pump water heaters, and biomass stoves/boilers. Annual limit of $2,000 for heat pumps specifically.
Official source →