How to take advantage of homeowner tax credits

How to take advantage of homeowner tax credits

Under the Inflation Reduction Act (IRA) of 2022, federal income tax credits for residential clean energy efficiency home improvements will be available through 2032. A broad selection of ENERGY STAR-certified equipment is eligible for tax credits. Taking advantage of tax credits in tandem with CCEC rebates provided to water heating, home heating, and EV charging members who sign up for our off-peak program is an excellent way to help make the transition to a clean energy future more affordable.

The Inflation Reduction Act includes funding for states and tribes to offer rebates to households that install new electric appliances, including super-efficient heat pumps, water heaters, and for households that make repairs and improvements that increase energy efficiency.

Federal income tax credits are available through 2032 providing up to $3,200 annually to lower the cost of energy efficient home upgrades. Ensure you hang on to your receipts and other proof of purchase info. Visit with your tax preparer in advance to ensure you qualify for the credits, as income and annual limits may apply. CCEC does not administer the credits, nor do we sell the products.

Visit the following websites and use the search bar using the phrase “Residential Energy Credits” to learn more:

• Energy Star
• IRS

Building Products

• Insulation
• Windows & Skylights
• Exterior Doors

Heating & Cooling

• Air-Source Heat Pumps
• Biomass Fuel Stoves
• Central Air Conditioners
• Furnaces (Natural Gas, Oil, Propane)
• Boilers

Electric Panel Upgrade

Electric Vehicles

Home Energy Audit Incentive

Water Heating

• Heat Pump Water Heaters
• Water Heaters (Natural Gas, Oil, Propane)

Residential Clean Energy

• Geothermal Heat Pumps
• Fuel Cells
• Small Wind Turbines
• Battery Storage Technology
• Solar Energy Systems