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Level 1
posted Sep 28, 2022 9:35:42 AM

Inflation Reduction Act - Heat Pump Contractor

My business provides + installs unitary, ductless, and inverter heat pump systems. It is my understanding that the incentive disbursement systems will be set up by each individual state. How will the $4000.00-$8000.00 qualifying heat pump incentives for moderate to low income households potentially affect my business income tax liability? Is this going to depend on how the incentives are dispersed? 

 

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1 Replies
Employee Tax & Finance Expert
Sep 28, 2022 10:50:22 AM

You are correct the incentive disbursements are managed at the state level. Please contact your local state representative for further information.