Rebates
The USA passes the IRA
Effective January 1, 2023, The United States Congress enacted the Inflation Reduction Act or “IRA” the most revolutionary energy plan in American history.
at a glance
The rebate and incentives included in the Inflation Reduction Act are a lifeline for homeowners experiencing high utility bills. In an era of rising costs and economic uncertainty, these rebates provide crucial relief for families across the country, allowing them to upgrade their homes to energy-efficient products and improve their quality of life.
rebates. credits. benefits.
The IRA outlines multiple programs that each offer a range of benefits, from tax credits and deductions to direct cash rebates. Rebates found in the act encourage high-efficiency HVAC systems, insulation, windows, and more, which can reduce energy waste and help combat climate change. For example, certain qualifying homeowners may up to $14,000 in rebates.
30% off solar
Eligible taxpayers may claim a credit of up to 30% of the cost of installing a solar energy system. The Inflation Act has guaranteed that tax credit for the next decade. If the credit exceeds the amount of taxes owed in a given year, it can be carried forward to future years. Reach out to your CPA to confirm your tax eligibility.
other tax credits
In addition to tax credits for solar systems, the Inflation Reduction Act now offers tax credits for insulation, windows, heat pumps, pool pumps, and more, all up to $2,000 annually, each year. This is a separate benefit from the other rebates or deductions described in the program.
