Current Federal/State/Utilities Tax Incentives/Rebates
State Utility Rebates
PSE
Electric to Heat Pump: $1500-$4,000
https://www.pse.com/en/rebates/heating/forced-air-furnace-to-air-source-heat-pump-conversion-rebate
Furnace to Heat Pump: $1500-$4,000
https://www.pse.com/en/rebates/Electric-Home
Tacoma Power:
Heat Pump Program: $2,000
https://www.mytpu.org/ways-to-save/residential-incentives/heat-pump/#pattern_1
SnoPud:
Heat Pump Program: $1,500-$2,500
https://www.snopud.com/save-energy/residential/rebates/heating/
Seattle Power and Light:
Heat Pump Program: $300-600
Federal and State Tax Incentives
New federal income tax credits are available through 2032, providing up to $3,200 annually to lower the cost of energy-efficient home upgrades by up to 30 percent. Improvements such as installing heat pumps, heat pump water heaters, insulation, doors and windows, as well as electrical panel upgrades, home energy audits and more, are covered by the tax credits and can help families save money on their monthly energy bills for years to come.
In addition to the energy efficiency credits, homeowners can also take advantage of the modified and extended Residential Clean Energy credit, which provides a 30 percent income tax credit for clean energy equipment, such as rooftop solar, wind energy, geothermal heat pumps, and battery storage through 2032, stepping down to 22 percent for 2033 and 2034.
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