2023 Heat Pump Tax Credit
In 2021, the American Rescue Plan Act was passed by Congress, which included generous tax credits for homeowners who install a heat pump in their home. The tax credit covers 26% of the cost of a new heat pump up to $2,000 and is available through the end of 2023. A heat pump is an energy-efficient heating and cooling system that uses electricity to transfer heat from one place to another....