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February 7, 2024
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Clean Energy Credit for Heat Pumps

  • February 7, 2024
  • 1 reply
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For 2023 Heat Pumps get a 30% credit, up to a maximum of $2,000.  Is it possible to get the credit twice if you  have two separate and independent heat pump systems on the same house, for a maximum of $4,000?

    Best answer by AmyC

    The instructions for Form 5695 do not show a limiting factor for the number of heat pumps but the $2,000 is a limiting factor. Doing one each year would have been a way to qualify each unit - something to think about with doors, windows, etc. A few each year yields more credit and is recommended by the IRS.

    1 reply

    AmyC
    AmyCAnswer
    Employee
    February 7, 2024

    The instructions for Form 5695 do not show a limiting factor for the number of heat pumps but the $2,000 is a limiting factor. Doing one each year would have been a way to qualify each unit - something to think about with doors, windows, etc. A few each year yields more credit and is recommended by the IRS.

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