Tax credits of $369 billion are being offered by the Inflation Reduction Act (IRA) for energy-saving measures. Improved energy efficiency, lower energy costs, and increased home comfort are just a few advantages of these tax credits.
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For even greater savings, these tax credits can be used in conjunction with regional incentives. Tax credits for IRAs include:
Incentives for residential retrofitting.
Credit from the prior law is reinstated to 2022. Applying from January 1, 2023 to December 31, 2032 is the enhanced credit amount.
For single-family dwellings that satisfy the 2021 IECC prescriptive envelope criteria and ENERGY STAR Version 3.2 requirements, a $2,500 builder credit is available.
This act has several components and ways to save, and tax credits are subject to program modifications. We welcome inquiries and are delighted to respond. Talk to our office about your project and how tax credits might be advantageous to you.
Curious about insulation installation for your home or place of work? Give us a call (833) 244-7283 to have one of our professionals inspect your attic. Have any inquiries for your Rockford area home or business? You can also email email@example.com or fill out our contact form to get a hold of the experts at Comfort 1st Insulation.