January 31, 2023
Under the Inflation Reduction Act of 2022, federal income tax credits for energy efficiency home improvements will be available through 2032. A broad selection of ENERGY STAR certified equipment is eligible for the tax credits. Independently certified to save energy, ENERGY STAR products are a smart investment for energy efficiency you can count on. Taking advantage of tax credits, along with any available rebates, is a great way to help make the transition to a clean energy future more affordable.
So what does this mean for you?
Air source heat pump tax credits are 30% (up to $2,000), hybrid air source heat pump water heaters are 30% (up to $2,000), insulation upgrades are 30% (up to $1,200), and upgrading your electrical panel is 30% (up to $600). These tax credits, combined with state and utility rebates and incentives, mean you can make your home much more energy efficient for a fraction of the actual cost. You'll be able to live more comfortably, safer, greener and you'll lower your monthly bills for years to come.