Residential

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

Last Update

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

Last Update

North Carolina - 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. 

North Carolina launched its HER program in January 2025. As a first step, interested residents of North Carolina need to confirm their

Last Update

North Carolina - 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. 

North Carolina launched its HEAR

Last Update

NextZero Connected Homes Program

The Massachusetts Municipal Wholesale Electric Company administers a residential battery storage and EV charging performance incentive program via NextZero, an efficiency and electrification program for customers of municipal utilities. The performance incentive is available for participating municipal light plant customers, and is administered as a monthly credit of $30 for participating storage systems and up to $10 for participating EV charging systems.

For more information, click here and choose a municipal light plant to see if they participate.

Last Update

MassSAVE (Electric) - Connected Solutions Program

MassSAVE organizes commercial, industrial, and institutional conservation services for programs administered by Massachusetts electric companies, gas companies and municipal aggregators. These utilities include Columbia Gas of Massachusetts, The Berkshire Gas Company, Cape Light Compact, National Grid, New England Gas Company, NSTAR, Unitil, and Western Massachusetts Electric Company. The programs are available to all customers which have a facility that buys its power from one of MassSAVE's member companies. 

Among the many programs offered, MassSAVE administers the Connected Solutions program, offering residential customers $275/kW for the average contribution during summer events from home storage systems.

Last Update