Tax Credits and Rebates for Homeowners

The Inflation Reduction Act (IRA) is directing an unprecedented $369 billion toward energy saving initiatives through tax credits. These tax credits will have numerous benefits including improved energy efficiency, reduced energy bills, and improved home comfort.

 IRA tax credits include:

  • Residential retrofit incentives
  • New and retrofit commercial incentives
  • New home incentives
  • Efficient building envelopes through building codes

These tax credits can be combined with local incentives for even bigger savings!

New Home Incentives

Builder credit of $2,500

For single-family homes that meet ENERGY STAR Version 3.2 and meet 2021 IECC prescriptive envelope standards

Builder credit of $5,000

For homes that meet DOE Zero Energy Ready Home standard

Builder Credit for Multifamily Units

Builder credit of $500 / $1,000 for multifamily units, with incentives increasing to $2,500 / $5,000 when meeting prevailing wage requirements

law’s credit restored

Previous law’s credit restored through 2022. Enhanced credit amount applies from January 1, 2023 to December 31, 2032.

Residential Retrofit Incentives

Homeowners tax credit of up to $1,200 for insulation upgrades.

Law Credit restored

Previous law’s credit restored through 2022. Enhanced credit amount applies from January 1, 2023 to December 31, 2032

insulation and air sealing materials

30% of insulation and air sealing materials up to $1,200 (per year)

Yearly Credit

Credit available on a yearly basis

Home energy audits

Home energy audits covered up to $150

Unlock savings with our tax credit resource center

There are many components to this act and many ways you can save, tax credits are subject to program changes. Learn how you can benefit from tax credits.

Tax Credit FAQs Document

Full Tax Credit Information

Calculate Your Tax Credit

How to Claim the Tax Credits

Learn how tax credits can help your project

Our team is happy to answer questions. Contact us today and learn how you can benefit from tax credits.