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Abundant Government Incentives Available
Federal Tax Credits
Homeowners are eligible for a 30% tax credit under the Inflation Reduction Act (IRA) Residential Energy Efficient Property Credit (Section 25D) for ENERGY STAR-rated GHPs that are in service by Jan. 1, 2033.
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Energy Assistance for Low-Income Homeowners
Homeowners who qualify as low income can also receive help with home energy bills, weatherization, and energy-related home repairs. These programs are administered by the state.
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For Agricultural Producers and Rural Small Businesses
Agricultural producers or rural small businesses can consider the U.S. Department of Agriculture’s Rural Energy for America Program, which provides guaranteed loan financing and grant funding for renewable energy systems or energy efficiency improvements.
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