Inflation Reduction Act Of 2024 Heat Pumps. For many buyers, tax credits can help lower the cost of new and used. Deployment of heat pumps is a key part of the greenhouse gas reduction goals set out in the inflation reduction act.
Heat pumps are eligible for 30% of the purchase price, up to $2,000. If so, installing a heat pump may be the way to go, especially since there are new tax credits being offered to help lower the costs thanks to the inflation reduction act (ira).