Energy savings hub for federal tax credits and rebates under 2022 Inflation Reduction Act 

We'd like to make co-op members aware that federal tax credits and rebates for home energy improvements were expanded. Homeowners may qualify for a tax credit of up to $1,200 per year for home weatherization, including EnergyStar-certified exterior doors and windows, insulation, weatherstripping and caulking.

Incentives are also available for air source and geothermal heat pumps (up to $2,000), and solar panels. These programs can help consumers make energy efficient upgrades, which can help save money on energy bills.

The U.S. Department of Energy created an energy savings hub (https://www.energy.gov/save) to help inform you about federal tax credits and rebate programs.

Another helpful site is https://www.irs.gov/credits-and-deductions-under-the-inflation-reduction-act-of-2022.

Please talk with your tax adviser about home energy improvements, and remember that Polk-Burnett also offers rebates for co-op members. Visit our rebate webpage or call 800-421-0283, ext. 595. Thank you.