Welcome to the Energize Connecticut web page discussing the Federal tax credits available for energy efficient improvements! We understand that energy-efficient improvements not only benefit the environment but also help you save money on your energy bills. The government recognizes this too and offers tax credits for certain energy-efficient improvements.
Note: this page is for informational purpose only. Please seek tax advice from your tax professional.
Energy Efficient Home Improvement Credit
Improvements include efficient heating and cooling equipment, windows, doors, heat pumps, and qualified energy efficiency improvements to the building envelope including insulation and air sealing.
Residential Clean Energy Credit
These improvements include the purchase of residential clean energy equipment, including battery storage.
New Energy Efficient Homes Credit
Incentivizes builders to lower monthly energy costs for future owners and renters. Single and multi-family dwellings that meet Energy Star requirements are eligible.
Energy Efficient Commercial Buildings Deduction
Provides a tax deduction for energy efficiency improvements to commercial buildings, such as improvements to interior lighting; heating, cooling, ventilation, and hot water; and building envelope.
IRA for Nonprofits and Municipalities
The Inflation Reduction Act (IRA) has transformed clean energy investment in the United States by expanding tax credits, revolutionizing opportunities for nonprofits, municipalities, and other tax-exempt organizations.
Tax Credits for New Clean Vehicles Purchased in 2023 and After
These tax credits, up to $7,500, may be available for all-electric, plug -in hybrid, and fuel cell powered vehicles purchased new in 2023.
Used Clean Vehicle Tax Credit
These tax credits, up to $4,000, may be available for all-electric, plug -in hybrid, and fuel cell powered vehicles of a model at least two years old, previously owned and purchased from a dealer in 2023.
Commercial Clean Vehicle Tax Credit
These tax credits, up to $7,500 for regular passenger vehicles and up to $40,000 for larger vehicles, may be available for clean vehicles purchased new in 2023 for business use.
Inflation Reduction Act Frequently Asked Questions
