Air Source Heat Pumps Tax Credit

This tax credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032.

• How to Claim the Federal Tax Credits
• Strategies to Maximize Your Federal Tax Savings
• Claim the credits using the IRS Form 5695.
• Instructions for Form 5695
• Instructions for Form 5695 (Print Version - PDF)

YOU CAN CLAIM:

30%

of project cost

$2,000

maximum amount
credited

What Products are Eligible?

Heat pumps are either ducted or non-ducted (mini-splits). Eligibility depends on whether you live in the north or south.

Ducted

South: All heat pumps that have earned the ENERGY STAR label

North: Heat pumps designated as ENERGY STAR Cold Climate that have an EER2 > 10

Ductless (mini-splits)

South: ENERGY STAR certified heat pumps with

• SEER2 > 16
• EER2 > 12
• HSPF2 > 9

North: ENERGY STAR Cold Climate heat pumps with

• SEER2 > 16
• EER2 > 9
• HSPF2 > 9.5