Tax Credits & Rebates Calculator
Check what federal tax credits and state rebates you qualify for when upgrading your heating or cooling system.
Tax Credits & Rebates Calculator
Select your upgrade type and location to see available incentives.
Frequently Asked Questions
What HVAC tax credits are available?
The Inflation Reduction Act (IRA) provides 30% tax credits up to $2,000 for heat pumps and $600 for high-efficiency furnaces, ACs, and water heaters. These credits are available through 2032.
Do I qualify for the federal tax credit?
You must own the home and it must be your primary residence. The equipment must meet minimum efficiency requirements: furnaces need 95%+ AFUE, ACs need 16+ SEER2, and heat pumps need specific CEE tier ratings.
Can I combine federal and state rebates?
Yes. Federal tax credits and state/utility rebates stack. Some homeowners save $2,000–$4,000 by combining both programs when upgrading to a heat pump system.
How do I claim the tax credit?
File IRS Form 5695 (Residential Energy Credits) with your annual tax return. Keep your receipt, manufacturer certification statement, and installer documentation as proof.
What is the annual limit?
The annual limit for energy-efficient home improvements is $3,200 ($1,200 for most items + $2,000 for heat pumps/heat pump water heaters). Credits reset each tax year.
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