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You Could be Eligible for Up to $2k in Tax Credits! Learn More Today! Read More

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Tax Credit Information
Tax credits are available for home improvements that include the installation of energy-efficient heat pumps, heat pump water heaters, geothermal heating installation, furnaces, and air conditioners. Beginning January 1, 2023, homeowners may be eligible for up to $2,000 in annual tax credits under the IRA through 2032.

Tax Credit Qualifications
The Inflation Reduction Act provides a federal tax credit for homeowners who make energy-efficient improvements to their home. This tax credit is a non-refundable credit, meaning that the homeowner must have a tax liability in the year the credit applies in order to take advantage of the credit. It is important to note that this credit is only available for work done on the homeowner's principal residence.

It is important to consult with a licensed tax professional prior to beginning any work in order to ensure that the equipment or work qualifies for the credit. A tax professional can help the homeowner understand the specific qualifications and requirements under the IRA and can provide guidance on the best way to maximize the credit.

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