Yes, you can apply for both a solar water heater and the heat pump.
Your deduction has a limit.
"Prior to its extension and expansion through the passage of the Inflation Reduction Act, the energy efficient home improvement credit amounted to a lifetime credit of $500 through December 31, 2022, and had a different name, the Nonbusiness Energy Property Credit.
Beginning January 1, 2023, the credit becomes equal to the lesser of 30% of the sum of amounts paid for qualifying home improvements or the annual $1,200 credit limit. In addition the aggregate $1,200 limit, annual dollar credit limits apply to specific items including:
- Home energy audits: $150
- Exterior doors: $250 per door (up to $500 per year)
- Exterior windows and skylights, central A/C units, electric panels and related equipment, natural gas, propane and oil water heaters, furnaces or hot water boilers: $600"
Energy Tax Credit: Which Home Improvements Qualify?
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