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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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IAQ Radio: Nate Adams – Electrification, Heat Pumps, IAQ & The Inflation Reduction Act

Watch episode 667 covering electrification, heat pumps, IAQ, and the Inflation Reduction Act.

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NEEP Policy Factsheet: Inflation Reduction Act

Get an overview of some of the provisions and incentives included in the Inflation Reduction Act.

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CleanEnergy.gov Interactive Website 

Visit this webiste to find out how you can take advantage of the Inflation Reduction Act from the White House itself.