What are Home Energy Tax Cuts?
Home energy tax cuts are financial incentives offered by the federal government to encourage homeowners to make energy-efficient upgrades. These credits are part of a broader initiative to reduce energy consumption, lower greenhouse gas emissions, and promote sustainable living. As a Pennsylvania homeowner, you have the opportunity to save money while improving your home’s efficiency, comfort, and long-term value.
Note that beginning in 2025, for each item of qualifying property placed in service, no credit will be allowed unless the item was produced by a qualified manufacturer and the taxpayer reports the PIN for the item on their tax return.
Qualifying upgrades can include:
- Installing energy-efficient windows and doors to reduce heat loss during chilly PA winters.
- Adding insulation to your attic, walls, or basement to keep your home warm in the winter and cool in the summer.
- Upgrading to energy-efficient heating, ventilation, and air conditioning (HVAC) systems.
- Installing solar panels or other renewable energy systems to harness Pennsylvania’s sunny days.
You can claim 30% of the cost of energy-efficient home upgrades, up to a maximum credit of $1,200.
Upgrading to Energy-Efficient Windows
We have helped many customers save on their heating and energy bills by upgrading to energy-efficient windows. These windows look beautiful, elevate the beauty of your home exterior, add to your home value . . . and provide a tax credit of up to $600! So, don’t leave that extra money on the table.
Be sure to talk with our team to ensure your window upgrades are eligible!
Why Should PA Homeowners Care?
Pennsylvania’s mix of cold winters and hot summers means energy efficiency upgrades can significantly impact your utility bills. By taking advantage of these tax cuts, you not only reduce your annual energy costs but also offset the upfront expense of upgrades with credits on your taxes. Plus, these improvements often increase your home’s value, making it a win-win for your wallet and your property.
How to Get Started
Start by reviewing your home’s energy efficiency and identifying areas for improvement. Next, schedule a consult with our team at Milanese Remodeling to see what upgrades we can offer that will give you the much-appreciated tax credits. Once your remodeling and upgrading are complete – you will submit the necessary documentation and receipts to the IRS.
Ready to make your home more efficient and your tax bill lighter? Don’t miss out on the benefits of these home energy tax credits. Get in touch with our team today and let’s start upgrading your home!