2025 Tax Credits For Heat Pumps. — for example, if sofia joseph purchases a new heat pump water heater for $2,000 and receives a $1,000 rebate through her state’s hear program, she may claim a 30 percent 25c tax credit on the remaining $1,000, resulting in a tax credit of $300. 30% of total cost, up to $2,000 is applicable for the category of heat pumps and heat pump water heater installations.
Up to $600 for qualified. They must meet the following criteria to qualify: