Replacing a furnace is one of the most common, costly expenses associated with owning a home, ranging from $4,000 to $20,000, depending on the model.
But starting this year, many homeowners will be able to offset some or all of those costs thanks to rebates offered in the Biden Administration’s Inflation Reduction Act to replace old appliances with more climate-change friendly versions. Households that replace their furnaces with a heat pump, for example, would be eligible for rebates.
