Want to save on your Long Island heat pump installation or HVAC upgrade in 2024? Some excellent incentive programs are available to help you install a new heat pump or high-efficiency HVAC system in Brookhaven, Islip, Babylon, and everywhere else in Nassau and Suffolk County. 

Home Efficiency Experts is Long Island’s go-to HVAC contractor for high-efficiency heating and cooling. We stay on top of local and federal rebate programs to help you save as much money as possible on your heating or air conditioning installation


Energy Efficiency Tax Credit for Heat Pumps & More 

The Inflation Reduction Act of 2022 introduced a new 30% tax credit for energy-efficient HVAC systems. The Energy Efficient Home Improvement tax credit is often referred to as a heat pump tax credit, but many types of HVAC systems are eligible, including: 

The tax credit is a one-for-one reduction on your federal income taxes, and it’s worth 30% of your total installation costs. There is a $600 maximum for high-efficiency furnaces, boilers, air conditioners, and water heaters and a much higher $2,000 maximum heat pump water heater, mini split, and ducted system heat pump tax credit in 2024.

This tax credit also extends to energy efficiency upgrades including insulation and air sealing. Our team can help walk you through the details and maximize your savings!

How to Claim a Heat Pump Tax Credit

To claim your federal tax credit for ducted heat pump or ductless mini-split installation, you simply need to hold on to your invoice from Home Efficiency Experts. Then, when it’s time to file your taxes for the year in which you installed your new system, you (or your tax professional) can fill out IRS Form 5695. It’s that easy!

PSEG Rebates 

PSEG offers some excellent heating and cooling rebates in Glen Cove, Port Washington, Oceanside, Plainview, and throughout all of Long Island. 

PSEG Long Island Heat Pump Rebate

Cold-weather heat pumps work in below-freezing temperatures and are perfect for Long Island homes. They work as a heater and air conditioner in one so you can use your heat pump year-round for energy efficient home comfort. PSEG Long Island heat pump rebates covers ducted heat pumps and ductless mini split heat pumps. Rebate amounts vary by model. 

Smart Thermostats 

Installing a smart thermostat is a simple and highly effective way to improve your home’s efficiency and lower your energy bills. If you have central air conditioning and install a qualifying smart thermostat, you can get an $85 rebate from PSEG. 

How to Qualify for PSEG Long Island Rebates 

To qualify for PSEG heating and cooling rebates, you must be a PSEG Long Island residential customer and include proof of purchase with your online rebate submission. You may receive an instant in-store discount at the time of purchase or a rebate after purchase, depending on the product you choose. 

Can You Combine Heat Pump Tax Credits and Rebates?

Yes! One of the best things about federal tax credits is that you don’t have to choose between taking the tax credit or participating in a rebate program. You can take advantage of both incentives and maximize your savings. The amount of your tax credit will be determined by the total amount of your original invoice, minus the amount of any rebates you received afterward.

Save on Your HVAC Upgrade with Home Efficiency Experts 

Confused about HVAC rebates and incentives? We don’t blame you! Navigating rebate programs can be challenging, but Home Efficiency Experts is here to help. We stay on top of all current rebate and incentive programs and will help you choose qualifying equipment when you upgrade your home. We install all types of high-efficiency HVAC equipment, including ENERGY STAR® systems, cold-weather heat pumps, and ductless heat pumps for homeowners in Suffolk and Nassau County.  


Save on your energy efficient HVAC upgrade with rebates and incentives! Call 631-406-9805 or contact us to learn more.

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