Total Comfort Inc

Thanks to the IRA, if you made or are planning to make certain qualified energy-efficient improvements to your home after January 1, 2023, you may qualify for a tax credit from the IRS. For heat pump and heat pump water heater projects, the tax credit amount is 30% of the total project cost (includes equipment and installation), up to a $2,000 maximum. “So, if your project costs $1,000, you could claim 30% of that ($300),” says Richardson. “If your project is $10,000, you can claim a $2,000 tax credit.” Tax credits are applied to the tax year you install the heat pump. For example, if your heat pump is deployed in 2023, you can redeem your credit when you submit your taxes in 2024 for the 2023 tax season. This tax credit is a part of the Energy Efficient Home Improvement Credit. There is no lifetime dollar limit for this tax credit. You can claim the maximum annual credit each year that you make eligible improvements through the end of 2032. Other improvements that qualify include home energy audits and qualifying insulation projects.

Total Comfort participates with the CT Green Bank Smart-E Loan program and for customers who qualify, we offer a variety of plans that allow you to take care of home comfort today and pay for it later.