In that scenario, the $2,000 credit for the heat pump could be combined with tax credits up to $600 total for the windows/skylights plus $500 for two or more doors. Similarly, you could combine a heat pump installation with window/door replacements. Making these upgrades together in one year would allow you a tax credit of up to $1,200 for the insulation and up to $2,000 for the heat pump. If your heating or cooling system is old, and you are considering a new air source heat pump, it is always wise to optimize your attic insulation first, so you don’t pay for more heating and cooling than you actually need.
Given the way the annual aggregate limits are structured, it may be prudent to spread your improvements over a few years. It can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home. New construction and rentals do not apply.Ī principal residence is the home where you live most of the time. Must be an existing home & your principal residence. Insulation efficiency through Home Performance with ENERGY STAR.Spray foam in a can, designed to air seal.Products that air seal (reduce air leaks) can also qualify, as long as they come with a Manufacturers Certification Statement, including: Typical bulk insulation products can qualify, such as batts, rolls, blow-in fibers, rigid boards, expanding spray, and pour-in-place. (Note: ENERGY STAR certified geothermal heat pumps are eligible for a separate tax credit and not counted against these limits.) What products are eligible? Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000. This breaks down to a total limit of $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners. The overall total limit for an efficiency tax credit in one year is $3,200. In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits.
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