How to Get Tax Credits for Insulation and Home Energy Upgrades

There’s been a lot of buzz about the newlyexpanded federal tax credit for solar panels.

The federal legislation includes along list of tax creditsto help homeowners afford everything from new insulation to electric appliances.

So what exactly is in there for you?

What is the Inflation Reduction Act?

But that’s not the only discount you should know about.

Think of them as big umbrellas that cover a whole array of potential home energy investments.

Now you knowwhatthe EEHIC covers – buthow muchdoes it cover?

“There is no upper limit on these,” Luscombe said.

The rebates cover a group of specific home energy products that overlaps with some of the tax credits.

Well, it’s fairly simple.

The year after you make one of these qualifying home energy improvements (i.e.

Because the credit reduces your tax bill, you won’t necessarily “receive” anything.

But when you file your taxes, the credit will reduce your tax bill for that year.

If you usesoftware like TurboTax, it’s even simpler.

Remember that home energy audit I mentioned?

For a lot of homeowners, that’s the first step in their journey toward making energy upgrades.

Athermal camera, for example, could help you identify energy leaks in your home.