Incentive Programs Help You Save
Incentive Programs
Federal Income Tax Credits and Incentives for Energy Efficiency
The Inflation Reduction Act of 2022 provides federal tax credits and deductions that empower Americans to make homes and buildings more energy-efficient to help reduce energy costs while reducing demand.
Savings for Homeowners
New federal income tax credits are available through 2023 providing up to $3,200 annually to lower the cost of energy efficient home upgrades by up to 30 percent. Improvements such as installing heat pumps, heat pump water heaters, insulation, doors and windows, as well as electrical panel upgrades, home energy audits and more, are covered by the tax credits and can help PWC families save money on their monthly energy bills for years to come.
If you plan on making any energy efficiency upgrades click this link – FAQ About Energy Efficient Home Improvements – to find out more information from the IRS on how you can claim them on your taxes.
