Use Your Power to Find Energy Savings

A Guide to Energy-and Money-Saving Opportunities for Consumers

Are you interested in saving money and reducing your home’s energy consumption? Through the Inflation Reduction Act (IRA), you could be eligible for several new tax credits and rebates to make energy-saving and clean energy home improvements and upgrades!

The IRA includes incentives to upgrade your home’s appliances, purchase an electric vehicle, install residential clean energy equipment, and more. You can take advantage of the tax credits now. The IRA’s Home Energy Rebate programs are coming soon — they will be offered by states, territories, and Tribes, and will begin coming online later in 2024. Check the status of your state’s rebate programs.

By taking advantage of these IRA programs, you can save energy – which can help lower your energy costs – and save money through rebates and tax credits.

Use your power – and this guide – to find energy savings today!


Tax Credits for Homeowners and Renters

Save up to 30% each year on energy-saving home upgrades.
  • Through the Energy Efficiency Home Improvement Credit, you can get up to $3,200 in tax credits each year when you improve your home’s energy efficiency with heat pumps, insulation, efficient doors and windows, electrical panel upgrades, and energy audits.

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Save up to 30% on the costs of installing clean energy equipment.
  • The Residential Clean Energy Credit helps you save money on installing clean energy to power your home, including private (rooftop) solar panels, wind turbines, geothermal energy, and battery storage.
  • Take advantage sooner rather than later, because this incentive will be reduced to 22 percent by 2034.

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Find Rebates for Homeowners and Renters

The IRA’s Home Energy Rebate programs will begin coming online in 2024. Check the status of your state’s rebate programs. Once your location’s programs come online, possible incentives include:

Savings on upgrading your appliances and systems to energy-saving versions.
  • Rebates may be available to you for numerous upgrades, including:
    • Heat pump-enabled clothes dryers, water heaters, and space heating and cooling systems
    • Electric stoves and ovens
    • Electrical wiring and panels
    • Insulation, air sealing, and ventilation
  • If your household income is about average for your area (between 80% to 150% of the area median income), you may be able to save up to 50% on the cost.
  • If your household income is below average for your area (less than 80% of the area median income), you may be able to save up to 100% on the cost.
  • The maximum total rebate is $14,000.
  • If your household income is high for your area (above 150% of the area median income), you may be eligible for a rebate of up to $2,000 on projects that reduce your energy use by 20%, and up to $4,000 if you reduce your energy use by 35% or more.

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Find Tax Credits for Electric Vehicles

Looking to drive electric? You can save up to $7,500 when you buy a new electric vehicle!
  • Through the Clean Vehicle Credit, you can save when you buy a qualifying new battery electric, plug-in hybrid, or fuel cell electric vehicle.
  • Qualifying vehicles must meet certain standards for sourcing, assembly, and manufacturing in North America or from trusted trade partners.

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Hoping to buy used? You can save up to $4,000 on the price of a used electric vehicle.
  • The Previously Owned Clean Vehicles Credit makes it more affordable to go electric and save money at the pump.
  • Like the credit for new cars, there are eligibility requirements for the used car credit.

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Find Energy Savings Through Your Electric Company and State Energy Office

The IRA provides billions of dollars for clean energy investments, including nearly $9 billion for residential energy efficiency and beneficial electrification rebates to be administered and implemented by State Energy Offices. As noted above, IRA rebate programs will be carried out by states, territories, and Tribes, and will begin coming online in 2024. Find your State Energy Office in the map to below to learn more about how to take advantage of these rebate programs.

Electric companies across the country offer several types of rebates and incentive programs for energy efficient technologies. Incentives range from free energy audits to rebates for common household appliances like clothes washers and dryers, refrigerators, smart thermostats, and space heating and cooling equipment. Select your state below to get started!

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