Tax Credit for Energy-Efficient Upgrades
Did you know that upgrading your home’s plumbing, heating, and air conditioning systems can help you get more money on your federal tax return? The Inflation Reduction Act of 2022 provides federal tax credits for homeowners who make their homes more energy-efficient to reduce energy costs.
How Can You Take Advantage of Federal Tax Credits?
In order to qualify for this credit, you have to have qualifying equipment installed any time between January 1, 2023, and December 31, 2032.
You can claim up to 30% of the total project cost (equipment + installation) and earn up to $2,000 back!
What Products are Eligible?
In General, any of the following systems are eligible for the tax credit as long as they have earned the Energy Star sticker and have a SEER2 rating of 16 or higher
- Ducted Heat Pumps
- Ductless Mini Split Systems
- Geothermal Heat Pumps
- Gas or Oil Furnaces
- Central Air Conditioners
Tax Credits are also available on the qualifying water heaters, boilers, insulation, and more.