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- Tax Credit
IRA Statuatory Location:
13301
Tax Code Location:
26 U.S. Code § 25C
New or Modified Provision:
Modified and extended. Credit rate increased from 10% to 30%. Eligibility and standards are modified. $500/per taxpayer lifetime limit eliminated and replaced with increased annual limits.
Eligible Recipients:
Homeowners; renters for certain improvements
Tribal Eligibility:
Yes
Funded by:
U.S. Department of Treasury
Description
Provides a tax credit for energy-efficiency improvements ofresidential homes.
Direct Pay Eligibility:
None
Transferability:
No
Stackability:
No rules
Energy Community Bonus:
No
Relevant Announcements
Related Resources
Additional information is available on the Resources page.Key Details
Period of Availability
2022-2032
Tax Mechanism:
Consumer Tax Credit
Base Credit Amount:
30% of cost, with limits for each type of improvement and total per year. Credit capped at $600 for “energy property,” e.g. efficient heating and cooling equipment; $600 for windows; $250 per door, $500 total for doors; $2,000 for heat pumps. Total annual credit capped at $1,200, wi
Bonus Credit Amount:
None