Report an Outage: Call 1-800-244-5151
Federal Income Tax Credits for Efficiency Upgrades
The Inflation Reduction Act has introduced an unprecedented suite of direct rebates and tax credits for residential electrification and efficiency (up to $14,000 per home). Tax credits covering 30% of the project costs will be available for qualifying improvements to your primary residence through 2032.
| Equipment | You can claim (%) | Max. Amount Credited | More Info | Note |
|---|---|---|---|---|
| Air Source Heat Pump | 30% | $2,000 | Tax Credit Information | Ducted: EER2 > 10 Ductless (mini-splits): SEER2 > 16, EER2 > 9, HSPF2 > 9.5 |
| Heat Pump Water Heaters | 30% | $2,000 | Tax Credit Information | Must be ENERGY STAR certified |
| Biomass Stoves/Boilers | 30% | $2,000 | Tax Credit Information | Must have a thermal efficiency rating of at least 75%. |
| Windows & Skylights | 30% | $600 | Tax Credit Information | Must meet the Energy Star Most Efficient criteria to be eligible. |
| Exterior Doors | 30% | $500 ($250/door) | Tax Credit Information | Must meet the Energy Star Most Efficient criteria to be eligible. |
| Insulation | 30% | $1,200 | Tax Credit Information | Typical bulk insulation products can qualify, such as batts, rolls, blow-in fibers, rigid boards, expanding spray, and pour-in-place. Products that air seal (reduce air leaks) can also qualify, as long as they come with a Manufacturers Certification Statement, including:
|
| Water Heaters (Natural Gas, Oil, Propane) | 30% | $600 | Tax Credit Information | Gas > 0.81 UEF for tanks less than 55 gallons and >0.86 for tanks greater than or equal to 55 gallons. Tankless Gas >0.95 UEF |
| Furnaces | 30% | $600 | Tax Credit Information | Gas furnace with AFUE >97%, Oil Furnace, fuel blends at least 20% of the volume of which consists of biodiesel, renewable diesel, or second generation biofuel. Must be an existing home & your principal residence. New construction and rentals do not apply. |
| Boilers | 30% | $600 | Tax Credit Information | ENERGY STAR certified gas boilers with AFUE > 95% are eligible. |
| Central Air Conditioners | 30% | $600 | Tax Credit Information | SEER2 > 16 is eligible |
| Electric Panel Upgrade | 30% | $600 | Tax Credit Information | Any improvement to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders. Load capacity =>200 amps and in conjunction with additional energy efficiency improvements . |
| Home Energy Audit | 30% | $150 | Tax Credit Information | Must be conducted and prepared by a certified home energy auditor. TCEC home energy evaluations are not eligible for this tax credit. |
| Geothermal Heat Pumps | 30% | ------------ | Tax Credit Information | Must be Energy Star certified |
| Small Wind Turbines | 30% | ------------ | Tax Credit Information | Residential |
| Solar Energy Systems | 30% | ------------- | Tax Credit Information | Includes solar water heaters and solar panels. Must provide electricity to residence. |
| Fuel Cells | 30% | $500/ half (kW) of power capacity | Tax Credit Information | Nameplate capacity of at least 0.5 kW of electricity using an electrochemical process and an electricity-only generation efficiency greater than 30%. |
| Battery Storage Technology | 30% | Tax Credit Information | Must have a capacity of not less than 3 kilowatt hours. |