A Note From Donmar Company about exciting tax credits and rebates!

Information updated 12/30/2022

The Inflation Reduction Act of 2022 provides federal tax credits and deductions that empower Americans to make homes and buildings more energy-efficient to help reduce energy costs while reducing demand as we transition to cleaner energy sources.

Savings for Homeowners

New federal income tax credits are available through 2032 providing up to $3,200 annually to lower the cost of energy efficient home upgrades by up to 30 percent. Improvements such as installing heat pumps, heat pump water heaters, insulation, doors and windows, as well as electrical panel upgrades, home energy audits and more, are covered by the tax credits and can help families save money on their monthly energy bills for years to come.

In addition to the energy efficiency credits, homeowners can also take advantage of the modified and extended Residential Clean Energy credit, which provides a 30 percent income tax credit for clean energy equipment, such as rooftop solar, wind energy, geothermal heat pumps and battery storage through 2032, stepping down to 22 percent for 2033 and 2034.

ALSO, Washington Gas is currently offering $300-400 rebates for new gas furnaces with an AFUE of 92% or greater along with any CARRIER incentives that might be available.

Schedule an estimate today! We’ll be happy to go over any and all available incentives depending on your project.

Here’s to a safe, healthy and prosperous New Year 2023!