If you have been considering a heat pump upgrade, now is the time to act. The Inflation Reduction Act (IRA) has made home improvements more affordable than ever, by providing federal tax credits on energy-efficient equipment. But many of these incentives are ending at the end of this year.

The IRA Heat Pump Tax Credit Ends Soon

The federal Section 25C tax credit, which provides up to $2,000 toward qualifying heat pump installations, is only guaranteed through December 31, 2025. Your system must be fully installed by that date to qualify.

Mass Save Rebates Are Also Changing

For Massachusetts homeowners, the Mass Save program has been a major driver of heat pump adoption, offering rebates up to $10,000. But significant changes are coming:

  • The Mass Save budget will be reduced by $500 million starting in 2026, which means rebate amounts are expected to shrink.
  • With fewer funds available, homeowners who wait may receive far less financial assistance in future cycles.

What You Should Do Now

If you want to secure the current incentives before they disappear, don’t wait. The installation process takes time—from scheduling a home energy assessment to ordering equipment and securing a spot with an approved installer.

Here is the fastest path forward:

  1. Book Your Home Energy Assessment: This is typically required prior to installation to confirm eligibility.
  2. Find an Approved Installer: If you are near Waltham, MA, you can use us; otherwise, you will need to find a contractor who is part of the Mass Save Heat Pump Installer Network and get on their schedule. Be sure to inform them of your deadline and ensure that the company is reliable.
  3. Start Now: Between assessments, equipment ordering times, scheduling, and installation, there’s no time to waste!

Ready to Explore Your Options?

If you are curious about your options or need expert guidance, contact the friendly team at Genove Oil & Air, and we’ll help you find the right solution for your home or business.

Whether you need home heating oil or Bioheat delivery, or installation and service of oil & natural gas systems for HVAC, heating, and cooling—call us at 781-893-9191 or email us.