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NEEP: IRA Tax Credits – Existing Homes

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Overview

Download an info sheet explaining the two new IRA tax credits for existing homes.

The Inflation Reduction Act provides two credits (25C and 25D) for efficiency and clean energy upgrades in existing homes. The Energy Efficient Home Improvement Credit (25C) was increased and extended from a $500 lifetime credit to a $3,200 yearly credit. The new Residential Clean Energy Credit (25D) offers a 30 percent uncapped tax credit for residential energy-efficient property and allows taxpayers to carry over unused tax credits. The tax credits for existing homes are non-refundable but can be combined with other funding on the national, state, and local level to reduce energy costs in homes and buildings.

Related Resources

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The White House: State IRA Fact Sheets

The White House released state fact sheets highlighting how the Inflation Reduction Act tackles the climate crisis in states across the country and how families and communities can benefit from a clean energy future.

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Webinar Playback: Demystifying Aggregators: Unlocking IRA Rebates to Grow Your Business

Speakers discuss how aggregators can simplify the rebate process and the data requirements for the IRA Home Efficiency Rebate Program.

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DOE: HOMES Sample Application Responses and Guidance

This document provides example responses and additional guidance to assist states in applying for and implementing the Inflation Reduction Act (IRA) Home Rebate Program.