Energy Efficient Home Improvement Credit (formerly 25C tax credit)
For those who make qualified energy-efficient improvements to their home after Jan. 1, 2023, they may qualify for a tax credit up to $3,200 and claim the credit for improvements made through 2032.
There are limits on the allowable annual credit and on the amount of credit for certain types of qualified expenses. The credit is allowed for qualifying property placed in service on or after Jan. 1, 2023, and before Jan. 1, 2033. The maximum credit you can claim each year is:
Up to 30% or $1,200 annually for qualifying equipment
A $2,000 annual limit for heat pumps
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This provides point-of-sale consumer rebates to enable low- and moderate-income households across America to electrify their homes.
High-Efficiency Electric Home Rebate Program (HEEHRP)
LEARN ABOUT EACH STATE’S REQUIREMENTS
Up to $8,000 for installing ENERGY STAR® qualified heat pumps
Up to $4,000 for electrical panel upgrades
Up to $1,600 for home insulation and sealing
Up to $2,500 for home electrical wiring improvements
The U.S. government appropriated $4.5B of funds for HEEHRP and will distribute the funds to state energy offices to administer. Eligibility and the amount of the rebate depends on household income. The program provides HVAC rebates up to $14,000 per household, including:
Part of the IRA, this $4.3B program isn’t restricted by income level and is based on the actual performance of a homeowner’s whole-home energy efficiency and electrification improvements.
HOMES Rebate
Program
LEARN ABOUT EACH STATE’S REQUIREMENTS
Rebates of 50% of project costs up to $2,000 on retrofits that achieve modeled energy savings of 20-35%
Up to $4,000 on retrofits that achieve modeled savings more than 35%
The rebates increase to 80% of costs up to $4,000 and $8,000 for households at less than 80% AMI
The HOMES rebate program cannot be combined with the HEEHRP. Incentives include: