Tax Rebate 2025 Heat Pump 2025. 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 energy bills. Some states and utilities also offer their own rebates.
A new colorado state tax credit for heat pumps and heat pump water heaters went into effect on january 1, 2025. For example, if your heat pump is deployed in 2023, you can redeem your credit when you submit your taxes in 2025 for.