![]() ![]() Recently renamed from the Nonbusiness Energy Property Credit, this tax credit originally expired at the end of 2021. ![]() Take a look at three credits and one rebate program below to see how they work and if they might be able to save you money. There are several tax credits available for energy efficient upgrades and improvements. Tax credits for energy efficient upgrades and improvements See the details below for details on the programs available to help you go green while saving on your taxes. Installing alternative energy equipment in your home such as solar panels, heat pumps, windows, doors and roofing can qualify you for a credit up to 30% of your total cost. What appliances qualify for energy tax credits? Below, we cover some of the main tax credits you should know for making energy-efficient upgrades and improvements to your home or property. Recently, the Inflation Reduction Act expanded and/or extended several of these tax benefits. The IRS makes the energy-efficient equipment tax credits available to most all taxpayers and targets certain ones to low- and moderate-income families, making the transition to going green easier and more affordable. This can include upgrades like energy-efficient water heaters, furnaces, air conditioners, windows, doors and similar investments, but also clean vehicles and related equipment. The IRS offers several ways for taxpayers to cut their tax bills through investing in certain energy-efficient appliances and home improvements. ![]()
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