Rebates and Tax Breaks

Tax Breaks and Rebates

“Tax credits are … a confusing morass of eligibility requirements and sourcing provisions.”

Wildfire_in_the_Pacific_Northwest_(8776185274).jpg

Incentives listed were accurate as of 12/2024, but they do change. Consult with your tax advisor and contractor!

There are 30% federal tax credits for home-related purchases. For Electric Vehicle incentives, scroll further down.

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PAGE LAYOUT: PRODUCT - purchase price range - federal tax credits - Local and other incentives

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HOME:

house audit

HOME ENERGY AUDIT - $100 - $1,000 - 30% of audit cost refunded by federal tax credit; up to $150

INSULATION / WEATHERIZATION - $1,500 - $7,000 - 30% of purchase price; $1,200 maximum refund

contractors

EFFICIENT WINDOWS - $350 - $2,000 per window (including installation) - 30% federal tax credit; $600 max

ELECTRICAL PANEL (FUSE BOX) UPGRADE - $1,000 - $3,000 - 30% federal tax credit; up to $600 refund

wiring

Local/Utility incentives for home-related improvements vary. Check out:

energystar.gov/rebate-finder enter zip code and check boxes to filter by product

HVAC

HVAC ELECTRIC HEAT PUMP (COOLS & HEATS) - $4,000 - $15,000 (including installation) - 30%; $2,000 max

ELECTRIC HEAT PUMP HOT WATER HEATER - $2,000 - $3,500 - 30% tax credit; $2,000 maximum refund

hot water heater

With Heat Pumps, Local & Utility incentives vary.

battery incentives

There are various State incentives for batteries. California has SGIP for residents living in wildfire zones.

HOME BATTERIES (ENERGY STORAGE) - $2,500 - $15,000 - 30% refunded; unlimited amount (no maximum)

SOLAR PANELS - $10k to $35k - 30% of cost will be refunded (no lease options); no maximum cap (unlimited amt.)

solar incentives

State incentives differ for residential solar installations.

AUTOs (EVs):

home chargers

HOME CAR CHARGER - $500 - $1,500 - 30% reimbursed via tax credit / up to $1,000 - Do you really need one?

For information on Local garage charger incentives: click this link & enter residential zip code

USED EV’S - below $25,000 - 30% tax credit / $4,000 maximum (2+ yrs old, moderate income, dealerships only)

NEW EV’S - (see car models below) wealthy buyers ineligible (click these links for thorough incentive explanations)

For customers who lease, tax credits go to the car dealer, so "double-check the dealership’s math."

used cars

State incentives for EVs:

electricforall.org/rebates-incentives (enter zip code)

electrek.co/2022/10/05/ev-tax-credit-rebate-states-electric-vehicles (scroll down to state)

induction stove

PRODUCT - price range - reviews - federal incentives

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Popular EV models:

CHEVROLET EQUINOX EV - $33.5k - $46.5k - review (range: 320 miles) review - $7,500 federal tax credit

CHEVROLET BLAZER EV - $44.5k - $56K - review (range: 280 - 330 mi.) review - $7,500 federal tax credit

FORD MUSTANG MACH-E - $38.5k - $59k - review (range 320) review - no tax credit

FORD F-150 LIGHTNING (pickup) - $55k - $95k - review (range 230 - 320) review - $7,500 if price is under $80k

list of new EVs

HYUNDAI IONIC 5 - $41k - $59.5k - review (range 300) review - $7,500 to dealer, IF LEASED; savings to you

KIA EV6 - $42.5k - $61.5k - review (range 310) review - $7,500 to dealer, IF LEASED; savings to customer

NISSAN LEAF - $28k - $36k - review (range 150 - 210) review - $3,750 federal tax credit

TESLA MODEL 3 - $44k - $54.5k - review (range 360) review - $7,500 if price is under $55k

TESLA MODEL Y (SUV) - $44.5k - $54k - review (range 335) review - $7,500 if price is under $80k

new ev incentives state/local

For Local EV incentives, look at the following sites: chargepoint.com/incentives (enter your state)

kbb.com/car-advice/electric-vehicle-rebates-by-state (scroll down or click on your state)

It's possible to get an EV without conflict minerals (see Batteries page) but they're hard to come by:

2022 and 2023 Tesla models 3 & Y (standard range) had LFP batteries. You can buy one used.
Ford has LFP batteries in “standard range Mach-E's … in limited numbers”. Ask your car broker or dealer.