Author: US DOE Staff       Published: 2/7/2023   Weekly Jolt/ Recharge Edition

EERE Weekly Jolt Recharge Edition

Calling all homeowners, renters, and businesses who invested in clean energy for 2022: you might be eligible for a clean energy tax break. We’ve compiled a list of helpful resources outlining some of the clean energy tax credit information available from DOE and other trusted resources. If you’re still in the process of planning your clean energy investment, we have some forward-looking tax credit information for 2023 and beyond.

Disclaimer: This newsletter provides an overview of tax credits for businesses, nonprofits, residential homeowners and renters, and other entities. It does not constitute professional tax advice or other professional financial guidance and may be subject to change. It should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions, or when executing other binding agreements.

Residential

Heat Pumps Keep Homes Warm and Bills Low this Winter

As of January 1, 2023, households buying an electric heat pump and other high efficiency equipment can claim a 30% federal tax credit of up to $2,000. In addition to federal tax credits, this guide summarizes other new programs that will make heat pumps even more affordable and accessible to consumers.

Geothermal Heat Pumps Tax Credit | ENERGY STAR

As of January 1, 2023, households buying a geothermal heat pump can claim a federal tax credit of up to 30%.

Solar Investment Tax Credit: What Changed?

The Inflation Reduction Act expanded the Federal Tax Credit for Solar Photovoltaics through a provision known as the Investment Tax Credit. Learn about the biggest changes and what they mean for Americans who install rooftop solar.

Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics

This guide provides an overview of the federal investment tax credit for those interested in residential solar photovoltaics.

Tax Credit Resources for Energy Efficient Homes

Making Our Homes More Efficient:  Clean Energy Tax Credits for Consumers

Are you thinking of buying solar panels or maybe a new heat pump water heater? For those looking to make clean energy upgrades in the future, there’s information that could help guide your next clean energy purchase. In one handy chart, find a list of residential clean energy tax credits for 2022-2032 and some frequently asked questions.

Zero Energy Ready Homes

Zero Energy Ready Homes Are Coming to a Neighborhood Near You

Principal Deputy Assistant Secretary Alejandro Moreno discusses new efforts to help subsidize construction of Zero Energy Ready Homes.

45L Tax Credits for Zero Energy Ready Homes

Business, Governments, and Organizations

Federal Solar Tax Credits for Businesses

Read about two solar tax credits available for businesses and other entities, such as nonprofits and local and tribal governments, that purchase solar energy systems (see below for homeowners).

Database of State Incentives for Renewables and Efficiency Residential Tax Credits

Search for incentives by geography, technology, eligible sector, program type, and more.

Energy Saver: Financing and Incentives

Consumers can find financial incentives and assistance for energy efficient and renewable energy products and improvements in the form of rebates, tax credits, or financing programs.

Financing Energy-Efficient Homes

Inflation Reduction Act of 2022 – What it Means for You

Weatherization Assistance Program

Read more about rebates, tax credits, and savings programs here.

The Inflation Reduction Act established tax credits for solar energy projects, including a 20% bonus credit for solar power projects that sell their electricity to low-income households. This tax credit could support up to 18 GW of additional community solar projects over the next 10 years, enough to power over 2.5 million homes.