IRA Tax Credits & Rebates

How Much Can You Save With the Inflation Reduction Act - Tax Credits and Rebates?

Starting this year, January 1st, 2023, households can benefit from built-in credits for making energy-efficient choices under the Inflation Reduction Act, resulting in savings on taxes. If you make qualified energy-efficient improvements to your home after Jan. 1, 2023, you may qualify for a tax credit up to $3,200. 

25C Energy Efficient Home Improvement Tax Credit - What is it?

If you are a homeowner, you may be able to deduct up to 30% of the total cost of specific home improvements, including the 25C Tax Credit, with an annual limit of $3,200. 
Everyone is eligible for the tax credit and anyone can qualify with adequate tax liability.

Are There Efficiency Requirements?

Yes! All upgrades for 25C tax credits must meet the Consortium for Eergy Efficiency's highest non-advanced tier and Energy Star requirements. 

How Can I Claim my Tax Credits?

Our professionals at Blue Diamond will provide you with the proper documentation to claim your tax credits for home upgrades when you file your taxes. Please keep in mind, you must claim the credit for the tax year when the property is installed, not merely purchased.

High-Efficiency Electric Home Rebate (HEEHRA) vs. Whole Home Energy Reduction Rebate Program (HOMES)

The High-Efficiency Electric Home Rebate (HEEHRA) is to help low and middle-income homeownerss. This rebate provides an instant discount. Eligible households can save up to $14,000 on upgrades. Low-income homeowners can save on the entire cost of the electrification, while middle-income homeowners can save 50%, including the equipment and professional installation. 

The Whole Home Energy Reduction Rebate Program (HOMES), is to help encourage homeowners to conserve energy by providing reimbursement for whole-house energy improvements. This rebate is meausred by energy saving performance, measured by a threshold of 20% pre-upgrade or 15% post-upgrade. Low-to moderate-income can qualify for up to $8000 in rebates and 80% of project costs. 

How do I get started?

Call us at (619) 567-9361 or contact us online to schedule your estimate! From there, we will gladly help get you set up with the energy efficient upgrades. 

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