Electric vehicle tax credits for qualifying individuals who purchased a new qualifying vehicle in 2022 or before can be claimed by submitting IRS Form 8936 when filing your taxes. For EV purchases made in 2024 or later, ask your dealer about getting a point-of-sale rebate for your tax credit.
Individuals can access a variety of rebates, tax credits, and incentive programs to help cover energy efficiency improvements, appliances, home electrification upgrades, installation of rooftop solar or electric vehicle chargers, or the purchase of a new or used electric vehicle.
The resources compiled on this page can help consumers to learn more about the array of programs and energy tax credits created as part of the Inflation Reduction Act. Individuals are encouraged to talk to a tax advisor for further information and eligibility questions.
Visit our Guidance on Energy Tax Credits for Utilities page for a similar listing of resources for electric utilities.
Key Resources
Key Resources
- Department of Energy: Savings Hub
- Internal Revenue Service: Inflation Reduction Act resources
- IRS: Credits and Deductions Under the Inflation Reduction Act of 2022
- Rewiring America: IRA Calculator
- Rewiring America: Guide to the Inflation Reduction Act
- National Association of State Energy Officials: Find your state energy office
- White House: IRA Guidebook
- White House: IRA State Fact Sheets
Tax Credits and Rebates for Appliances and Home Improvements
Appliances
When you buy a qualifying energy efficient appliance for your home, you can get a rebate or credit for the purchase. Qualifying appliances include:
- air conditioner (energy efficient)
- clothes dryer (ENERGYSTAR, heat pump)
- electric stove or oven (ENERGYSTAR)
- heating equipment (energy efficient)
- heat pump (air-source, energy efficient or ground-source/geothermal)
- hot water boiler (energy efficient)
- induction cooktop/range
- water heater (energy efficient, heat pump, or solar)
- wood & pellet stoves/boilers (biomass)
Rebates are available for upgrades including electric stoves and ovens and heat pump-enabled clothes dryers, water heaters, and space heating and cooling.
- Save up to 50% off the costs to upgrade qualified technologies (maximum rebate of $14,000) if your household income is between 80% to 150% of the median income in your area.
- Save up to 100% off the costs to upgrade qualified technologies (maximum rebate of $14,000) if your household income is at or below 80% of the median income in your area.
Related resources
- DOE: Savings Hub (Click the “appliances” link)
- DOE: Home Energy Rebate Programs
- DOE: FAQ on home energy rebates
- IRS: Guidance on residential clean energy credit and energy efficient home improvement credit
- ENERGYSTAR: Tax Credits for Homeowners
- NASEO: Summary of Residential Energy Efficiency and Electrification Provisions
Home Improvements
When you make qualified energy saving improvements to your home, you can get a credit for the expense of making the upgrade. Residential energy credits can be claimed by submitting IRS Form 5695 when filing your taxes. Home improvement categories include:
- battery storage
- doors (exterior, energy efficient)
- duct sealing
- electric panel or circuit upgrades for new electric equipment
- home energy audit
- insultation and air sealing materials
- skylights (energy efficient)
- solar (rooftop/at home)
- ventilation systems
- windows (energy efficient)
- wind turbine
The Residential Clean Energy Credit can offer you credits for making clean energy upgrades to your home, including installing rooftop solar panels, wind turbines, geothermal energy, and battery storage. This credit phases down by a percentage every year through 2034 and expires after 2034.
The Home Energy Rebate Program can help you save on the cost of installing air and duct sealing or improving your home’s insulation and ventilation.
- If the improvements reduce your energy use by 20%, then you can receive a rebate up to $2,000, or up to 50% (whichever is less).
- If the improvements reduce your energy use by 35% or more, then you can receive a rebate up to $4,000, or up to 50% (whichever is less).
- Individuals with low to moderate incomes can receive maximum rebates that double the savings.
The Energy Efficiency Home Improvement Credit is an up to $3,200 tax credit per year when you improve your home’s energy efficiency with heat pumps, insulation, efficient doors and windows, electrical panel upgrades, and energy audits.
Related resources
Tax Credits for Electric Vehicles
New EVs: Up to $7,500
The Clean Vehicle Credit allows buyers to claim up to $7,500 in tax credits for qualifying new battery electric, plug-in hybrid, or fuel cell electric vehicles. Qualifying vehicles must meet certain standards for assembly, sourcing, and manufacturing in North America or from trusted trade partners. Note that the IRA changed the tax credit for purchase of a new EV or fuel cell vehicle purchased in 2023 versus purchased in 2022 or prior.
Commercial clean vehicle credits also exist for business and tax-exempt organizations on eligible clean vehicle purchases.
Related resources
Used EVs: Up to $4,000
Starting in 2023, individuals can qualify for a tax credit of up to $4,000 when they purchase a previously owned clean vehicle for $25,000 or less. Like the new EV credit, there are eligibility requirements for the used car credit, including on the purchaser and qualifying vehicle purchased.
Related resources