Heat Pumps Rebates & Incentives in Indiana
Indiana homeowners can save up to $3,000-$10,000 on heat pumps through federal, state, and utility programs.
Available Programs
| Program | Amount | Type | Provider | Expires |
|---|---|---|---|---|
| Federal Energy Efficient Home Improvement Credit (25C) - Heat Pumps 30% tax credit for qualifying heat pump purchase and installation. | 30% up to $2,000/yr | Tax Credit | Federal Government | Dec 31, 2032 |
| Federal HOMES/HEAR Rebate - Heat Pumps Point-of-sale rebate for heat pump installation for income-qualified households. | Up to $8,000 | Rebate | Federal Government | Dec 31, 2032 |
How to Claim Heat Pumps Rebates in Indiana
Get a home energy audit to determine the right heat pump size and type
Obtain quotes from licensed HVAC contractors experienced with heat pumps
Check if you qualify for the income-based HOMES rebate (up to $8,000) through your state energy office
Apply for utility rebates before installation - many offer $500-$2,000 additional
Claim the 25C tax credit on IRS Form 5695 (up to $2,000/year, can claim multiple years)
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Frequently Asked Questions
Income-qualified households can receive up to $8,000 through the IRA HOMES rebate program. All homeowners can claim a 30% tax credit up to $2,000 per year through Section 25C.
Modern cold-climate heat pumps work efficiently in temperatures as low as -15F. Many northern states offer extra incentives specifically for cold-climate heat pump models.
Yes, heat pump and insulation rebates are separate programs. The IRA allows up to $8,000 for heat pumps plus $1,600 for insulation for qualifying households.
Air-source, ground-source (geothermal), and ductless mini-split heat pumps all qualify. The system must meet ENERGY STAR efficiency requirements.
The HOMES rebate is applied at point of sale (instant discount). The 25C tax credit is claimed on your annual tax return. Utility rebates typically arrive 4-8 weeks after approval.