Watch this video to learn about the incentives from the Inflation Reduction Act.

Click here to download a table summarizing the incentives.

If you may qualify for residential energy credits based on 2024 energy audits or installations of heat pumps, heat pump water heaters, insulation, windows, doors, or solar panels, (or a central air conditioner or other qualifying improvement), the Instructions for IRS form 5695 document will quickly guide you to the places to pay attention to to receive the credits.

Click here to download the highlighted Instructions for IRS Form 5695 document.

The credits have no income-based restrictions. The form should be filed even if you cannot receive the benefit this year due to insufficient tax liability. The carry forward feature means the credits can offset tax liabilities in future years, but only if you file for 2024 improvements in the tax filing due this April.

Other resources:

• Rewiring America – Inflation Reduction Act (IRA) calculator
• TEP Rebates & Programs
• TEP participating contractors