IRA rebates are offered for new technology, insulating, and sealing a home. The IRA states that if you have a household income less than 80 percent of your state’s median household income, your household is eligible for all the rebates available. If your household income is 80 percent to 150 percent, your home is eligible for 50 percent of the rebates. Some households can get back up to $8,000 for a heat pump, $840 for an electric oven, and $1,750 for a heat pump water heater. Simple changes like upgrading to a heat pump from a gas furnace may qualify you for these IRA rebates. Tax credits go towards 30 percent of the total cost of a heat pump, including labor, up to $2,000. The IRA rebates extend through the end of 2032.