Installation of heat pump energy credit

Heat pumps save energy and money for taxpayers due to a tax for the purchase credit. As you move heat rather than generate, they offer four times more energy than you consume according to the environmental protection agency. TypesThere available two different tax credits for two types of heat pumps. One is for air and ground-source heat pumps for geothermal heat pumps. Air work type heat pumps as a refrigerator for electricity for either a hot zone by moving hot air or cooling area by moving the fresh air. These systems are often used in moderate climates. The work of the same air of Gshps, except that they use the heat from the tax credit, such as geothermal heat pumps ground.AmountThe for an air source heat pump 30 percent of the cost of the system $1,500 is. Geothermal heat pumps are evaluated, a tax credit of 30% of the total cost with no cap.RequirementsIn get a tax credit to installed air source heat pump in the taxable person primary residence and must be an existing home. People living in newly built houses are suitable for this loan. However, a geothermal heat pump credit for new, existing, main and second houses can be claimed. Renters may not credit.ExpirationThe air source for a credit of heat pump at the end of the year 2010, runs while the geothermal heat pump credit expires at the end of 2016.