Tax Rebate 2024 Heat Pump Cost. The cost to install a heat pump ranges from $1,500 to $20,000, with an average price of $10,750. A new heat pump that costs you $7,000 would normally qualify for the full $2,000 tax credit.


Tax Rebate 2024 Heat Pump Cost

On the low end, a heat pump system, including parts and installation, can cost $6,000 to $10,000, according to davis. Families who install an efficient electric heat pump for heating and cooling can receive a tax credit of up to $2,000 and save an average of $500 per year on energy.

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Tax Rebate 2024 Heat Pump Cost