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Residential Renewable Energy Tax Credit

Note: Section 13302 of The Inflation Reduction Act of 2022 (H.R. 5376) extended the expiration date and modified the phase down of this tax credit. It also made stand-alone energy storage systems eligible for the credit, and biomass heaters ineligible for the credit. Biomass heaters are now eligible for the residential energy efficiency tax credit. The summary below reflects the credit after the enactment of H.R. 5376.

A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures

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Energy-Efficient Mortgages

Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.

FHA Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan

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Renewable Electricity Production Tax Credit (PTC)

Note: The Inflation Reduction Act of 2022 (H.R. 5376) made several significant changes to this tax credit, including extending the expiration date, providing for new bonus credits, and establishing new criteria to qualify for the full credit. It also phases out this tax credit under section 45 of the Internal Revenue Code at the end of 2024 and replaces it with a new technology-neutral tax credit under section 45Y of the Internal Revenue Code. The summary below describes the current section 45 tax credit as modified by the Inflation Reduction Act, and below that, the new 45Y tax

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Georgia - Home Efficiency Rebate (HER) Program

Note: The Federal Inflation Reduction Act (IRA) created the Home Efficiency Rebates (HER) Program. The IRA established the main parameters for this program but allowed the states to customize the program to meet their state-specific needs. The program is designed to provide rebates for whole-home energy improvements. Actual rebate amounts are determined by the level of modeled or measured energy savings and the income level of the applicant. See summary below and program website for complete details. 

Georgia’s HER program is now available as a limited pilot and is expected to fully launch by March 31, 2025. During the pilot

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Georgia - Home Electrification and Appliance Rebate (HEAR) Program

Note: The Federal Inflation Reduction Act (IRA) created the Home Electrification and Appliance Rebate (HEAR) Program. The IRA established the main parameters for this program but allowed the states to customize the program to meet their state-specific needs. The program is designed to award rebates for purchase of qualifying home electrification equipment and appliances. Residents earning less than 80% of the Area Median Income (AMI) can receive the full rebate amount, and residents earning between 80% and 150% AMI can receive a partial rebate. See summary below and program website for complete details.

Georgia’s HEAR program is now available as

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Colorado - Home Electrification and Appliance Rebate (HEAR) Program

Note: The Federal Inflation Reduction Act (IRA) created the Home Electrification and Appliance Rebate (HEAR) Program. The IRA established the main parameters for this program, but allowed the states to customize the program to meet their state-specific needs. The program is designed to award rebates for purchase of qualifying home electrification equipment and appliances. Residents earning less than 80% of the Area Median Income (AMI) can receive the full rebate amount, and residents earning between 80% and 150% AMI can receive a partial rebate. See summary below and program website for complete details. 

The Colorado Energy Office (CEO) will receive

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Energy-Efficient Retrofits Program

*Note: FY25 applications closing on December 13, 2024. Click here for the application.

The Alabama Energy Division's State Energy Program is accepting applications for the Energy-Efficient Retrofits Program grant. The grant must be used for the installation of energy-efficiency improvements and may be used by local governments, public K-12 school systems, and non-profit organizations. Energy-efficient measures such as energy-efficient lighting, HVAC replacements, programmable thermostats, solar PV systems (rooftop, parking lot canopy, or a max 60 kW ground installed system), or solar thermal systems that are max 20 kW.

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Michigan - Home Efficiency Rebate (HER) Program

Note: The Federal Inflation Reduction Act (IRA) created the Home Efficiency Rebates (HER) Program. The IRA established the main parameters for this program, but allowed the states to customize the program to meet their state-specific needs. The program is designed to provide rebates for whole-home energy improvements. Actual rebate amounts are determined by the level of modeled or measured energy savings and the income level of the applicant. See summary below and program website for complete details. 

The Home Energy Rebate programs will fund energy efficiency and electrification upgrades for Michiganders, helping to reduce monthly utility costs, reduce energy use

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New York - Home Electrification and Appliance Rebate (HEAR) Program

Note: The Federal Inflation Reduction Act (IRA) created the Home Electrification and Appliance Rebate (HEAR) Program. The IRA established the main parameters for this program, but allowed the states to customize the program to meet their state-specific needs. The program is designed to award rebates for purchase of qualifying home electrification equipment and appliances. Residents earning less than 80% of the Area Median Income (AMI) can receive the full rebate amount, and residents earning between 80% and 150% AMI can receive a partial rebate. See summary below and program website for complete details. 

In May 2024, New York

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