Tax Credits & Rebates
Contact Pearce Electric Today
Unlock Savings: Tax Credits and Rebates for Energy-Efficient Home Upgrades
Investing in energy-efficient home improvements can lower your utility bills and reduce your environmental footprint, but the initial costs can be a concern. Thankfully, there are several tax credits and rebate programs available to help cover those expenses.
This guide outlines key federal and state incentives designed to make energy-saving upgrades more affordable, helping you get the most out of your investment.
Explore your options below and start your journey toward a more energy-efficient and budget-friendly home today!
Washington Programs
Puget Sound Electric EV Charger Rebate
PSE offers rebates for residential electric customers who purchase and install a qualifying Level 2 EV home charger.
Rebate Options:
- Up to $300 for the purchase of an eligible EV home charger.
- Up to $600 rebate for qualifying customers, based on household income and size, through the Empower Mobility program.
- Additional support of up to $2,000 for installation costs for those who qualify for enhanced incentives.
Federal Energy
Home Efficiency Rebate Program
Explore a wealth of information on federal tax incentives and how to apply through the Energy Savings Resource Center.
Home Energy Efficiency Improvement Tax Credit
This tax credit encourages energy-efficient upgrades to your home by offering incentives for specific improvements.
Eligible upgrades include:
- Replacements or upgrades to electrical panelboards, sub-panelboards, branch circuits, or feeders.
- Panels with a load capacity of 200 amps or higher.
- Upgrades that meet National Electric Code standards and support energy-efficient systems or property.
- Maximum credit: $600.
New EV Clean Energy Tax Credit
(2022 and Older)
This credit provides up to $7,500 for the purchase of eligible new electric cars or light trucks.
Requirements include:
- Vehicles with an external charging capability.
- Vehicles weighing less than 14,000 pounds.
- Manufacturers with fewer than 200,000 EVs sold in the U.S.
New EV Clean Energy Tax Credit
(2023 and Newer)
For vehicles placed into service in 2023 or later, this tax credit offers up to $7,500.
Eligibility requirements include:
- Plug-in electric vehicles (EVs) or fuel cell vehicles (FCVs).
- Income caps of $300,000 for couples, $225,000 for heads of households, and $150,000 for individual filers.
- Vehicles with at least 7 kWh battery capacity and weighing less than 14,000 pounds.
Used EV Tax Credit
Starting January 1, 2023, this credit provides up to $4,000 for the purchase of a qualifying used EV or FCV from a licensed dealer.
Requirements include:
- Sale price of $25,000 or less.
- The model year must be at least two years older than the purchase year.
- Income limits: $150,000 for couples, $112,500 for heads of households, and $75,000 for individual filers.
EV Charging Station Tax Credit
Tax credits are available for those who purchase and install eligible alternative fuel vehicle refueling property, including EV chargers.
Eligibility includes:
- 30% of the cost or $1,000 for home installations.
- 6% (or 30% if wage and apprenticeship requirements are met) or $100,000 for commercial properties and tax-exempt organizations.
Find out more: Refueling Infrastructure Tax Credit | IRS Form 8911
Pearce Electric is not a tax advisor and does not make any representation, warranty, guarantee or other assurance as to whether a particular matchup qualifies or is eligible for a tax credit. This link has been attached for informational purposes only and is not intended to provide, and should not be relied on for, tax advice. The IRS is responsible for the implementation and administration of tax certificates. There are important requirements and limitations for the homeowner to qualify for tax credits. Moreover, the tax laws are subject to change. As a result, Pearce Electric highly recommends that you as customers consult with a tax advisor regarding your qualification for a tax credit in your particular circumstance and verify and review the applicable tax laws and regulations. Pearce Electric expressly disclaims all liability for damages of any kind arising out of a homeowner's claim for a tax credit. This information is subject to change without notice.
