Certain energy-efficient home upgrades can be financed by the federal government.
They will also be eligible for a rebate of up to $600 in
Addition to saving money on their monthly bills.
Upgrades made between January 1, 2023, and December 31, 2032
will qualify for the federal tax credit, according to Energy Star.
With a maximum credit of $600, the credit will be 30 percent of the project's cost.
The panelboard, sub-panelboard, branch circuits, and
feeders must be improved or replaced in order to qualify for the credit:
A maximum of $3,200 can be claimed per year for efficiency tax credits.
Eligibility to file a claim
Both new-construction homes and rental properties will
not qualify for the credit since it's reserved for upgrades.
A single-family home, a houseboat, a mobile home, a cooperative apartment,
a condominium, or a manufactured home are eligible properties.
In addition, there is a limit on how much you can claim regardless of your income.
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