Want to make your home more eco-friendly? The IRA includes tax credits & rebates to help cover the cost

February 13, 2023

"Combining projects — like new insulation and a heat pump — can get you up to $3,200. Keep receipts for each eligible update and add them to your tax forms."

This article by Annie Millerbernd originally appeared in NerdWallet on February 13, 2023:

If you’ve been holding off on home improvements, a new law signed last year and now in effect as of Jan. 1, 2023, may provide a fresh incentive. 

The Inflation Reduction Act, or IRA, includes tax credits and rebates for homeowners who make energy-saving updates to their homes. Credits for improvements like new solar panels, windows, doors, and air conditioners are available now, while rebates for larger energy-efficient updates are expected to become available later this year or next year.

Here’s what to know about these perks, plus tips to plan your projects.

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