Comment by DangitBobby
Comment by DangitBobby 20 hours ago
That's probably exactly what will happen.
Energy property - Heat pumps and biomass stoves and boilers
Heat pumps that meet or exceed the CEE highest efficiency tier, not including any advanced tier, in effect at the beginning of the year when the property is installed, and biomass stoves and boilers with a thermal efficiency rating of at least 75% qualify for a credit up to $2,000 per year. Costs may include labor for installation.
Qualified property includes new:
Electric or natural gas heat pumps
Electric or natural gas heat pump water heaters
Biomass stoves and boilers
These are credits that only work if you have owe federal taxes and they cannot be carried forward. I've seen estimates that 40-45% of taxpayers owe 0 or close to 0.