bought after January 1, 2023. If you buy a new heat pump, Nadel says to keep your receipts for reference for next year’s tax season. If you bought a heat pump in 2022 you can get credit for this upcoming tax season, but the previous incentive was smaller, up to $500, the IRS says.
“In the coldest parts of Europe we also have the highest shares of heat pumps. So in Norway, for example, 60% of the households are equipped with heat pumps. And in Sweden and Finland it is also 40%. So it’s definitely proven that it’s possible.” “In a cold climate that gets below 20 degrees Fahrenheit fairly often, you should look into getting into an,” Nadel says, referring to a U.S. government program that makes markers for efficiency.
Kircher says you can also save money if you can buy a heat pump for both your heating and cooling needs. “It’s typically cheaper than buying a gas furnace plus an air conditioner,” he says.Like refrigerators or air conditioners, heat pumps use refrigerants. The primary refrigerants commonly used in heat pumps are called hydrofluorocarbons, or HFCs, says, associate professor of Energy and Resources at UC Berkeley.