If your income is 80% or less of an area’s median income (AMI), then the above amounts are doubled to $4,000 and $8,000 respectively.If you cut energy use by 35%: rebate up to $4,000 or half the cost of the retrofit, whichever is less.If you cut energy use by 20%: rebate up to $2,000 or half the cost of the retrofit, whichever is less.Eligible for 50% of the cost of energy efficient improvements/retrofits at existing residences up to a dollar cap.

Can be used in addition to home energy efficiency tax incentives.

We anticipate that grants will be available sometime in 2023, unless the state of Utah chooses not to participate. Rebates are based on income level and energy savings. The Inflation Reduction Act created two new grant programs that will be administered by State Energy Offices, though participation by states is optional and each state must apply for funding.

$2,000 per year tax credit for heat pumps, heat pump water heaters and biomass stoves and boilers.Ĭoming in 2023: The Home-Owner Managing Energy Savings (HOMES) rebate program.

Installations must meet certain efficiency criteria which will need to be documented starting in 2024.

$1,200 per year tax credit for energy-efficient skylights, insulation, efficient doors and windows.

The Energy property tax credit is capped at $1,200 annually for most improvements, though taxpayers are able to claim the $2,000 credit for heating and cooling system upgrades.

Energy efficient home improvement tax credits will be effective for projects completed after Januand before December 31, 2032. Federal Tax Credits for Home Improvementsīy making qualified energy efficiency improvements to your home, you can receive up to a 30% tax credit.

Rocky mountain power rebates 2021