Use Your Power to Find Energy Savings

A Guide to Energy-Saving Opportunities and Tax Benefits 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’s rebates and incentives include upgrades to more efficient home appliances, tax breaks for the purchase of an electric vehicle, credits for the installation of residential clean energy equipment, and more. By taking advantage of these IRA programs, you can save energy – which can help lower your energy costs – and receive rebates, which means more cash in your wallet.

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

Find Tax Credits and Rebates for Homeowners and Renters

Save up to 50% of the cost of installing air and duct sealing or improving your home’s insulation and ventilation through the Home Energy Rebate Program, established by the IRA.
  • Get a rebate of up to $2,000 if you reduce your energy use by 20%, and up to $4,000 if you reduce your energy use by 35% or more
  • Lower and moderate-income customers can receive maximum rebates that double the savings.
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Save 50% or more of the cost to upgrade your appliances and technologies to high-efficiency versions.
  • Rebates are available for several upgrades, including electric stoves and ovens and heat pump-enabled clothes dryers, water heaters, and space heating and cooling.
  • If your household income is between 80% to 150% of the median income in your area, you can save up to 50% of the costs to upgrade your appliances (maximum rebate of $14,000).
  • If your household income is at or below 80% of the median income in your area, you can save up to 100% of the total cost to upgrade your appliances.

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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 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. 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!


Next Steps

  • Review the existing household tax credits and rebates.
  • Talk to your tax advisor. Residential energy credits can be claimed by submitting IRS Form 5695 when filing your taxes. Electric vehicle tax credits for qualifying individuals who purchased a new qualifying vehicle in 2022 or before can be claimed by submitting IRS Form 8936 when filing your taxes.
  • Read the IRA Guidebook and State Fact Sheet to help identify how you can benefit from these tax credits and rebates.
  • Visit the U.S. Department of Treasury’s IRA Taxpayer Resource Hub.

Additional Resources