Two tax credits for renewable energy and energy efficiency home improvements have been extended through 2034 and expanded starting in 2023.
Under theInflation Reduction Act(IRA) of 2022, federal tax credits and other deductions are available to American taxpayers to improve home and building energy efficiency, incentivize the adoption of efficient and electric appliances, help people save money, decrease building energy usage, and meet bo...
● Lowering your energy bills ● Reducing your household’s overall demand for energy ● Saving money by reducing your tax liability The efficiency tax credits apply to purchasing and installing qualifying energy-efficient products such as HVAC systems, electric cars, Energy Star windows, and insulati...
Energy tax credits can bring down the effective cost of investing in various energy endeavors the government feels important to support.