How the Inflation Reduction Act Can Help You Maximize the Return on Your Home’s Energy Efficiency
Recently, the government has enacted the Inflation Reduction Act to help homeowners looking to improve their home’s energy efficiency. They have introduced tax relief for those who do so, via savings on their annual property taxes. Able Home Performance is excited to offer our services to help you take advantage of these tax credits.
We are a full-service home energy efficiency company that has been serving Massachusetts’ Greater Boston Area and beyond for nearly three decades. Our team is always looking for quality solutions that will stand the test of time. Call us today for a free no-obligation evaluation, and we would be happy to answer any questions that you may have. Continue reading to find out four ways the Inflation Reduction Act can benefit you and maximize the return on the energy efficiency of your home!
On August 16, 2022, President Joe Biden signed The Inflation Reduction Act into law, a bill that was passed in order to help reduce energy costs for homeowners, among other benefits. Homeowners will be able to save money on their energy bills by providing tax credits for energy-efficient home improvements. The goal of this bill was not only to help homeowners save money on their energy bills, but also to make it easier for Americans to do their part to reduce energy consumption and emissions. Overall, this bill is a win for everyone! One of the best things about the Inflation Reduction Act is that it provides homeowners with a $600 tax credit for installing Energy Star windows and another $600 tax credit for air sealing and insulation. What this means is that when you make the choice to install new, energy-efficient Energy Star-rated windows, seal up drafts or add insulation, you can eligible for up to $1,200 in tax credits! Able Home Performance can help you take advantage of these tax credits by providing our quality services and improving your home’s energy efficiency. We’d be happy to perform a no-obligation evaluation to see what improvements could be made to help you save money on your energy bills. The Inflation Reduction Act provides another great way to save money through its inclusion of a $2,000 tax credit for heat pumps! Heat pumps are energy-efficient alternatives to traditional furnaces, and can save you a lot of money on your energy bills. If you are interested in installing a heat pump, Able Home Performance can help you take advantage of this incredible tax credit. Our team of experienced professionals will help you select and install the ideal heat pump for your home. We understand that making energy-efficient improvements can be a large investment — however, with the credits available through the Inflation Reduction Act, there’s never been a better time to make the switch! Under the Inflation Reduction Act, you can receive a tax credit of up to $500 ($250 for each exterior door, up to two.) This means that now is the time to replace your old, energy-inefficient exterior doors with new, energy-efficient ones! Able Home Performance can help you take advantage of these tax credits with our quality door installation services. Choosing the right doors for your home’s exterior can be a big decision — and that’s why we offer free assessments to help you make a perfect choice!
What Is the Inflation Reduction Act?
Homeowners Can Receive a $600 Tax Credit for Energy Star Windows and Air Sealing/Insulation
$2,000 Tax Credit for Heat Pumps
$250-$500 Tax Credit Per Exterior Door
Now that you know more about the IRA, now is the time to take action! Energy-efficient improvements to your home are a great way to save money on your energy bills. If you are interested in making energy-efficient improvements to your home, contact Able Home Performance today, or schedule an appointment online!