Inflation Reduction Act

Get Financial Help for Your Home's Energy Efficiency Improvements

The inflation reduction act is a federal program that is offering energy efficiency rebates that can be combined with the already existing state programs to provide even more savings. Included in this act is the Energy Efficient Home Improvement Tax Credit: this expands the credit to allow households to deduct 30% of the costs of eligible upgrades from their taxes. This credit can be combined with the Empower + or comfort home savings to lower the cost of energy efficiency upgrades even further for consumers.

Eligible Clean Energy Technology	Fedral IRA Tax 2023-2032	New York State Incentives and Tax Credits
Electric Panel or Circuit Upgrades for New Electric Equipment	30% of cost, up to $600*
Insulation Materials†	30% of cost*	Incentives: $1,000 - $2,500
Windows, Including Skylights	30% of cost, up to $600*	Incentives may be available with insulation materials packages.
Exterior Doors	30% of cost, up to $500 for doors (up to $250 each)*
Home Energy Audits	30% of cost, up to $150*	Free for all New Yorkers

* Subject to cap of $1200/year
** Chart taken from NYSERDA’s website

Since this act was recently passed the rollout for these incentives is still in progress. These incentives will be available soon and New York will be one of the first states to implement these incentives. More info about the incentives and there rollout can be found here .