Tax Section 25C, Nonbusiness Energy Property Credit

Provides a tax credit to homeowners equal to 30% of installation costs for the highest efficiency tier products, up to a maximum of $600 for qualified air conditioners and furnaces, and a maximum of $2,000 for qualified heat pumps effective January 1, 2023.

High-Efficiency Electric Home Rebate Program

Provides income-depending rebates to eligible homeowners including:

  • Up to $8,000 for all-electric Heat Pumps
  • Up to $4,000 for electrical load service center
  • Up to $2,500 for electric wiring
  • Up to $14,000 maximum for all
2017 FEDERAL TAX CREDITS

Tax Credit:  30% of cost with no upper limit
Expires:  December 31, 2021

Tax credits for Solar Energy Systems are available at 30% through December 31, 2019.
The credit decreases to 26% for tax year 2020; drops to 22% for tax year 2021 then expires December 31, 2021

Details:  Existing homes and new construction qualify.  Both principal residences and second homes qualify. Rentals do not qualify.

2022/12/07