Last updated

October 4, 2024

Tax Credits for Electric Appliances, Solar, and EVs

By The Switch Is On team

Tax Credits for Electric Appliances, Solar, and EVs


Ready to discover how to affordably upgrade your home with more efficient and environmentally-friendly electric appliances? We’re here to help, and we’ll start by exploring the tax credits that may be available to you through the Inflation Reduction Act (IRA).

What

The IRA offers various tax credits and deductions that can help cover the cost of modern electric appliances, advanced weatherization, premium equipment, solar energy utilization, and environmentally-friendly vehicles. These incentives can save you up to $3,200 annually.

Who

Homeowners and renters are eligible for these benefits.

When

IRA tax credits are available now through 2032 with an annual reset that offers you the opportunity to save money on home electrification and appliance updates each year.

Project type

Discount

Home energy assessment/audit 30% off, up to $150
Rooftop solar 30%
Weatherization $1,200
Geothermal heating 30%
Windows 30% off, up to $600
Battery storage 30%
Doors 30% off, up to $600 ($250 per door)
New electric vehicle $7,500
Electric panel $600
Used electric vehicle $4,000
Heat pump HVAC 30% off, up to $2,000
Electric vehicle charger 30% off, up to $1,000