Our highest-efficiency heating and cooling systems offer several benefits, from energy savings to innovative home-comfort solutions. And now, these systems can also earn you tax credits under the Inflation Reduction Act (IRA).
The IRA Home Energy Efficiency Upgrades includes a substantial expansion of the already popular Energy Efficiency Home Improvement Tax Credit (25C), also known as the Non-business Energy Property Tax Credit. In addition to tax credit expansions, substantial funding for Energy Efficiency Rebate Programs was included in the bill to encourage more energy efficient homes.
The Energy Efficiency Home Improvement Tax Credit (25c) now provides a 30% credit rate with an annual cap of $1,200 and up to $2,000 for qualified heat pumps. This credit will be an annual tax credit opportunity for homeowners, whereas it was previously a one-time credit.
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