Heat Pump Tax Credit (Energy Efficient Home Improvement)
Overview
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.
Eligibility
Existing homes (principal residence). Must meet CEE or ENERGY STAR efficiency requirements.
How to Claim
File IRS Form 5695 with your federal tax return.
What It Covers
Heat pumps, heat pump water heaters, biomass stoves
Income Limits
None
IRS Form
File Form 5695 with your federal tax return to claim this credit.
Official Source
https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-creditFrequently Asked Questions
How much is the Heat Pump Tax Credit (Energy Efficient Home Improvement) worth?
Who is eligible for the Heat Pump Tax Credit (Energy Efficient Home Improvement)?
Is the Heat Pump Tax Credit (Energy Efficient Home Improvement) a tax credit or a rebate?
How do I claim the Heat Pump Tax Credit (Energy Efficient Home Improvement)?
When does the Heat Pump Tax Credit (Energy Efficient Home Improvement) expire?
Who is eligible for the Heat Pump Tax Credit (Energy Efficient Home Improvement)?
How much is the Heat Pump Tax Credit (Energy Efficient Home Improvement) worth?
State HVAC / Heat Pumps Programs That Stack
These state programs can be combined with the Heat Pump Tax Credit (Energy Efficient Home Improvement):
The RebatePeek editorial team aggregates and verifies programs data from DSIRE, IRS, DOE, EIA & State Energy Offices. Every statistic on this site is cross-referenced against the official source before publication, with quarterly re-verification cycles.
Read our full methodology or contact us with corrections.