Tax Breaks and Rebates
“Tax credits are … a confusing morass of eligibility requirements and sourcing provisions.”​
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Federal incentives are set to end in 2025 (see bottom of page)! ​ Consult with your tax advisor, dealer, or contractor. ​​
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There are 30% federal tax credits for home-related purchases. For Electric Vehicle (EV) incentives, scroll further down.
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PAGE LAYOUT: PRODUCT - purchase price range - federal tax credits - Local and other incentives
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HOME:
HOME ENERGY AUDIT - $100 - $1,000 - 30% of audit cost refunded by federal tax credit; up to $150
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INSULATION / WEATHERIZATION - $1,500 - $7,000 - 30% of purchase price; $1,200 maximum refund
EFFICIENT WINDOWS - $350 - $2,000 per window (including installation) - 30% federal tax credit; $600 max
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ELECTRICAL PANEL (FUSE BOX) UPGRADE - $1,000 - $3,000 - 30% federal tax credit; up to $600 refund
Local/Utility incentives for home-related improvements vary. Check out:​
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energystar.gov/rebate-finder enter zip code and check boxes to filter by product
HVAC ELECTRIC HEAT PUMP (Cools & Heats!) - $4,000 - $15,000 (including installation) - 30%; $2,000 max
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ELECTRIC HEAT PUMP HOT WATER HEATER - $2,000 - $3,500 - 30% tax credit; $2,000 maximum refund
With Heat Pumps, ​ Local & Utility ​incentives vary.
HOME BATTERIES (Energy Storage) - $2,500 - $15,000 - 30% refunded; unlimited amount (no maximum)
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SOLAR PANELS - $10k to $35k - 30% of cost to be refunded (no lease options); no maximum cap (unlimited amt.)
There are various State incentives for batteries. California has SGIP for residents living in wildfire zones.
State incentives differ for residential solar installations.
AUTOs (EVs):
HOME CAR CHARGER - $500 - $1,500 - 30% reimbursed via tax credit / up to $1,000 - Do you need one?
​For information on Local garage charger incentives: click this link & enter residential zip code
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USED EV’S - below $25,000 - $4,000 maximum (2+ year old car, moderate income, via dealerships only)
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NEW EV’S - (see car models below) wealthy buyers ineligible. Click these links for incentive explanations.
For customers who lease, tax credits go to the car dealer - to refund to you.​
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State incentives for EVs:
​​electricforall.org/rebates-incentives (enter zip code)
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​​electrek.co/2022/10/05/ev-tax-credit-rebate-states-electric-vehicles (scroll down to state)
PRODUCT - price range - reviews - federal incentives
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CHEVROLET EQUINOX EV - $34k - $46k - review (range: 320 miles) review - $7,500 federal tax credit
CHEVROLET BLAZER EV - $45k - $55K - review (range: 280 - 330 mi.) review - $7,500 federal tax credit
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FORD MUSTANG MACH-E - $39k - $60k - review (range 320) review - $7,500 available, but only if leased
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FORD F-150 LIGHTNING (pickup) - $60k - $95k - review (range 230 - 320) review - $7,500 if price under $80k
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HYUNDAI IONIC 5 - $42k - $60k - review (range 300) review - $7,500 if price is under $55k​
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KIA EV6 - $43k - $62k - review (range 310) review - $7,500 if price is under $55k
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TESLA MODEL 3 - $45k - $55k - review (range 360) review - $7,500 if price is under $55k
TESLA MODEL Y (SUV) - $45k - $55k - review (range 335) review - $7,500 if price is under $80k
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For Local EV incentives, look at the following sites: chargepoint.com/incentives (enter your state)​​
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kbb.com/car-advice/electric-vehicle-rebates-by-state (scroll down or click on your state)​
EV tax credits are due to expire on September 30, 2025.​ Home improvement credits expire on Dec. 31!