Federal Tax Credits for Homeowners
Homeowners can receive a 30 percent tax credit for home energy efficiency projects such as heat pumps. In a given year, they can get a credit of up to $2,000 for installing certain equipment such as a heat pump. This credit will expire after 2032, according to the Congressional Research Service.
NYS Clean Heat Program—Whole-Home Air Source Heat Pumps
When installing a Mitsubishi Ductless Air Source Heat Pump, customers will receive a rebate in the form of an "Instant Discount" to decrease the total out-of-pocket cost. The rebate is based on total rated heating capacity of the system and can range from $1,000 to $15,000+. Only participating contractors can offer this rebate.