can I get a free heat pump from the Inflation Reduction Act (IRA)?
Photo Credit: https://www.energy.gov/energysaver/heat-pump-systems
We’ve been asked “Several entities are advertising on social media that you can get a free heat pump from the Inflation Reduction Act (IRA), is this true?”
Fact: As of today February 13, 2025, the answer is no.
Fact: In Nebraska, the cost of a heat pump varies from $2,000 for a small ductless mini split that serves one room to over $35,000 for a whole house ground source heat pump or “geothermal” heat pump. The typical cost for an air source heat pump will be $5,000 - $15,000 depending on size, manufacturer, zones, labor, etc.
Fact: Effective January 1, 2023, if you install a qualifying heat pump in your primary residence, you can claim 30% of the cost of the heat pump equipment as a tax credit, up to $2,000.
Fact: With the Home Electrification & Appliance Rebate (HEAR) program low-to-moderate income individual or families can claim up to $8,000 a rebate for a qualifying energy star certified heat pump.
Fact: For the greater Omaha metro area, low income is defined as an individual making less than $56,400 or family of four making less than $80,550. Low-income households can claim up to 100% of the cost of the qualifying heat pump (equipment) up to a maximum rebate of $8,000
Fact: For the greater Omaha metro area, moderate income is defined as an individual making between $56,400-$105,750 or family of four making between $80,550-$154,100. moderate income households can claim up to 50% of the cost of the qualifying heat pump (equipment) up to a maximum rebate of $8,000.
Fact: You do NOT EVER need to provide a credit score, or own/buy solar PV to claim these IRA incentives.
To find other potential rebates or incentives specific to your location such as utility rebates or local incentives, visit https://www.dsireusa.org/
Fact: As of today February 13, 2025, the answer is no.
Fact: In Nebraska, the cost of a heat pump varies from $2,000 for a small ductless mini split that serves one room to over $35,000 for a whole house ground source heat pump or “geothermal” heat pump. The typical cost for an air source heat pump will be $5,000 - $15,000 depending on size, manufacturer, zones, labor, etc.
Fact: Effective January 1, 2023, if you install a qualifying heat pump in your primary residence, you can claim 30% of the cost of the heat pump equipment as a tax credit, up to $2,000.
Fact: With the Home Electrification & Appliance Rebate (HEAR) program low-to-moderate income individual or families can claim up to $8,000 a rebate for a qualifying energy star certified heat pump.
Fact: For the greater Omaha metro area, low income is defined as an individual making less than $56,400 or family of four making less than $80,550. Low-income households can claim up to 100% of the cost of the qualifying heat pump (equipment) up to a maximum rebate of $8,000
Fact: For the greater Omaha metro area, moderate income is defined as an individual making between $56,400-$105,750 or family of four making between $80,550-$154,100. moderate income households can claim up to 50% of the cost of the qualifying heat pump (equipment) up to a maximum rebate of $8,000.
Fact: You do NOT EVER need to provide a credit score, or own/buy solar PV to claim these IRA incentives.
To find other potential rebates or incentives specific to your location such as utility rebates or local incentives, visit https://www.dsireusa.org/