Download document () of 20
  • The ABC's of the Inflation Reduction Act

The Inflation Reduction Act can save you money as you help save the planet.

The federal government provides nearly $9 billion in the form of tax credits and rebates for homeowners like you to electrify their homes as they transition to clean energy. It’s the nation’s largest-ever initiative of its kind. And it’s your chance to make your home more energy-efficient and your lifestyle more sustainable.

These credits and rebates can help you electrify by replacing the appliances or vehicles that currently burn fossil fuels — your gas-powered car, furnace, water heater, kitchen stove and dryer. You might also install efficient solar panels, a home storage battery and an upgraded electrical panel and wiring. 

Learn how the credits and rebates can help electrify your home 

Select a project below to learn what rebates and credits are available to help cut your project's cost. 

 

How you can save with tax credits and rebates

You can take advantage of tax credits and rebates to help with the cost of home electrification upgrades. Credits and rebates can be stacked to upgrade your loadcenter / circuit breakers or wiring in conjunction with a qualifying project.

Federal icon

Federal tax credits

You can access these income-based tax credits when you file your taxes using IRS Form 5695. Can be stacked with state-administered rebates.

State icon

State rebates

These rebates save you money on the cost of eligible items right when you purchase them. They stack with federal tax credits. They’re available on a state-by-state basis, so be sure to check your state’s status here.

State rebate: Home Efficiency and Appliance Rebates (HEAR)

HEAR rebates are recommended for upgrading your home’s appliances and electrical equipment. You may be eligible if your household income is less than 150% of your area’s median income. Find the income in your area here.

You could qualify for up to $14,000 in rebates, up to 100% of costs for lower-income families and up to 50% for moderate-income families.

IRA credits
IRA credits & rebates

State rebate: Home Efficiency Rebate Program (HER)

HER rebates can be used for major projects that reduce your home’s energy usage by at least 20%. All families are eligible, but the largest rebates go to those with lower incomes. You can save up to $8,000 depending on your household income and how much energy the project saves. You can also qualify for a 30% tax credit up to $150 on a home energy audit under Tax Credit 25C.

Don't do it alone

The Eaton Certified Contractor Network (ECCN) connects you with your local licensed residential electrician trained by Eaton with the latest best practices and product technology. With their knowledge and dedication, you can be sure that your electrical project will be completed safely and efficiently.
Eaton ECCN contractor