2024 Tax Credits For Heat Pump Replacement Parts. This can be paired with an additional $1,200 in credits for more projects in the tax year. $2,000 per year for qualified heat pumps and biomass stoves or boilers.
The tax credit has no lifetime dollar limit, and you can claim the maximum annual credit every year that eligible improvements are made through the end of 2033. Provides a tax credit to homeowners equal to 30% of installation costs for energy star ยฎ geothermal heat pumps until 2032.