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Episode 127 - Heat Pumps

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Is There a Tax Credit for Heat Pumps?

With the inflation reduction act that was passed, they have granted some help for people who want to purchase a heat pump. There's a tax credit, which is 30% of the cost of a heat pump up to $2,000. And then there are state rebates available up to $8,000 depending on your income level. If you make like 120 or 150% something like that of the income, the state median income, then you can get half of that. So I mean, it's significant. We're talking about $2k from the government, $8K from your state rebate. That can cover a large amount, if not all of your heat pump, depending

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