2023 Federal Rebates and Tax Credits
Federal income tax credits are now available through 2032, offering a maximum of $3,200 each year to lower the cost of home upgrades aimed at increasing energy efficiency. These upgrades, which include heat pumps, insulation, windows and doors, electrical panel upgrades, home energy audits, and more, can help families reduce their monthly energy bills and save money in the long run.
Moreover, homeowners have the opportunity to benefit from the extended and modified Residential Clean Energy credit, which provides a 30 percent tax credit on clean energy equipment such as solar panels, wind energy systems, geothermal heat pumps, and battery storage. This credit will be available until 2032, and then it will step down to 22 percent for 2033 and 2034. Want to maximize your savings? Click here to find out more!