If you’ve been considering making energy efficiency and renewable energy upgrades to your home, now is the time to do so.
The reason: Significant new tax credits that launched in 2023 can offset the cost of your projects in big ways. These tax credits were part of the Inflation Reduction Act, passed by Congress in 2022.
Even better: You can combine these federal tax credits with Energy Trust cash incentives to help you save even more on your project to make your home more energy-efficient and comfortable.
That means you’ll save money now on the cost of improvements such as insulation, windows, heating and cooling and even solar equipment.
Plus, new rebate programs that are part of the Inflation Reduction Act are expected to launch in 2024 and will provide more benefits for income-qualified customers.
Combine Energy Trust Incentives with New Federal Tax Credits to Save More
The following upgrades are eligible for both tax credits and Energy Trust cash incentives.
Note: Requirements for federal tax credits and Energy Trust incentives may differ. There is an annual cap on federal tax credits of $1,200, with sub-caps on individual items. Homeowners can also receive up to $2,000 (not under the $1,200 cap) for a heat pump or a heat pump water heater. Some solar projects may also qualify for state rebates. Before moving forward with any project, it’s important to review the eligibility requirements for both the federal tax credits and Energy Trust incentives. Energy Trust does not give tax advice. Consult your tax professional for current information on credits available and how to apply.
Frequently Asked Questions
No matter your situation or budget, we will guide you toward solutions that meet your needs and have the greatest benefits for you and your community.