Want to make your home more eco-friendly? The IRA includes tax credits & rebates to help cover the cost
by Annie Millerbernd, NerdWallet
Combining projects — like new insulation and a heat pump — can get you up to $3,200. Keep receipts for each eligible update and add them to your tax forms.
Kara Saul Rinaldi, President and CEO of AnnDyl Policy Group
If you’ve been holding off on home improvements, a new law signed last year and now in effect as of Jan. 1, 2023, may provide a fresh incentive.
The Inflation Reduction Act, or IRA, includes tax credits and rebates for homeowners who make energy-saving updates to their homes. Credits for improvements like new solar panels, windows, doors, and air conditioners are available now, while rebates for larger energy-efficient updates are expected to become available later this year or next year.
Here’s what to know about these perks, plus tips to plan your projects.