Inflation Reduction Act Heat Pump Credits & Rebates: DETAILS??
Supposedly the Inflation Reduction Act credits & rebates are available Jan 1, 2023, yet there is hardly any information about them.
The tax credit is up to $2k (are they refundable or can they be carried over?), and from what I have been able to research, applies to heat pumps that meet the CEE requirements for 2023, and there are different tiers for ducted & non ducted heat pumps.
– Do the ducted units need to be mini splits to meet these requirements, or will standard heat pumps qualify?
– Per the CEE site, “electric or natural gas heat pumps” qualify. What is a natural gas heat pump and are they readily available for residential install?
– Where can someone who needs to replace an ducted gas furnace NOW go for this information?
Those with incomes up to 150% of the local median income supposedly qualify for up to $8k in rebates for ELECTRIC heat pumps.
– Supposedly each state has to work out their rebate program and most have not yet done so. If someone who qualifies for the rebate has an electric heat pump installed now, can they retroactively apply for the rebate???
– Which electric heat pumps will qualify for the rebate?
I am hoping those on this site might have more info than the random internet sites that all seem to be trying to sell something.
What type of system would you advise a lower income person, whose gas furnace was diagnosed with a cracked heat exchanger, to replace it with, if they need to get a replacement now, and want to maximize their potential rebate?
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