Rebates

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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

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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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Green Mountain Power EV Rebate Program

All customers can get a $2,200 rebate on a new All-Electric Vehicle or $1,000 towards a new PHEV. If used, the rebate is $750 for PHEVs and $1,500 for an All-Electric Vehicle. Moderate and low-income customers may be eligible for an additional $1,000 rebate. The incentive offers are available until June 30, 2023.

For qualifying details please refer to the cited website.

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Community Solar Gardens

In May 2013, Minnesota enacted HF 729, which created the framework for Community Solar Gardens. The law set no cumulative capacity limits, but each Community Solar facility would be limited to 1 MW capacity.

Customers of Xcel Energy subscribe to community solar garden projects offered by private developers. Customers of other utilities may subscribe to community solar gardens that are offered by their utility.

H.F. 2310 of 2023 made major reforms to community solar rules. Community solar projects may now be up to 5 MW of capacity. 30% of each project's subscribers must be low or moderate-income. 25% of

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City and County of Denver - Home Energy Rebates

Denver provides incentives for various home energy technologies. Incentives are available for single-family homes, duplexes, and town homes, covering existing homes, rehabs, and new construction; commercial and multifamily buildings are eligible for the city's heat pump rebates for existing buildings. These incentives can be stacked with incentives from Xcel Energy, the state government, the federal government, and the Inflation Reduction Act. Available rebates include:

  • Electric vehicle charger: 80% of cost, up to $200
  • BI-directional electric vehicle charger: 80% of project cost, up to $2,000
  • Cold climate air source heat pump: 40% of project cost, up to $1,200
  • Ground source
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PSE&G Electric Vehicle Charging Program

Public Service Electric & Gas (PSE&G) launched its Clean Energy Future - Electric Vehicle Program in June 2021. Ad of January 27, 2023, the program had $4.4 million in remaining funding.


The EV Program has a residential, commercial, and public DC Fast Charging subprogram, each with individual eligibility requirements outlined on the program website.


The Residential Subprogram offers an on-bill credit of $1,500 toward the cost of customer-side upgrades for installing a Level 2 EV Charger. Customers can also qualify for up to $5,000 of utility-side make ready upgrades to support EVSE installations. Customers may receive a credit of $0.02/kWh

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