--- title: Your Home Renovations Just Got More Affordable description: Tapping into the latest tax rebates to make your home more energy-efficient is now easier than ever. image: https://www.undividedre.com/hubfs/Imported_Blog_Media/64da43b89cc52bd94823fc81_kitchen%20upgrade-2.jpg --- [Skip to main content](https://www.undividedre.com/blog/take-advantage-of-new-tax-rules-for-saving-on-home-renovations#main-content) [![Logo](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/undivided.png)](https://www.undividedre.com/) - [Home](https://www.undividedre.com/) - [About Us](https://www.undividedre.com/about-us) - Advisory Buying Selling - [Neighborhoods](https://www.undividedre.com/neighborhood) - [Value Index](https://www.undividedre.com/value-index) Contacts 175 Greenwich St, 38th Flr New York, NY 10007 [hello@undividedre.com](mailto:hello@undividedre.com) [+1.646.631.2220](tel:+16466312220) ![Youtube](//44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/youtube.png) ![Instagram](//44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/instagram.png) ![Linkedin](//44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/linkedin.png) [Book a strategy call](https://www.undividedre.com/schedule-an-appointment) [Book a strategy call](https://www.undividedre.com/schedule-an-appointment) [All posts](https://www.undividedre.com/blog/all) August 14, 2023 # Your Home Renovations Just Got More Affordable   Admin  ·  2 minute read Get ready to tap into a wave of energy-efficient home renovation rebates that are about to hit the scene. These rebates are a direct result of the [$9 billion federal program](https://apple.news/Pg3fDrar-v75iQRH8m_4CId) introduced by Congress under the Inflation Reduction Act. For details on how these rebates and tax credits can be applied during each tax year, refer to the [Environmental Protection Agency's](https://www.epa.gov/green-power-markets/summary-inflation-reduction-act-provisions-related-renewable-energy#:~:text=Most%20provisions%20of%20the%20Inflation,%2C%20local%2C%20and%20tribal%20organizations.) website. ‍ #### Rooftop Solar Harness the sun’s energy to power your home with clean electricity and save big on utility bills.  - Tax credits cover up to 30% of the installation costs. - Average family will save $300/yr or $9,000 over the life of the system. ‍ #### Clothes Dryer Electric heat pump clothes dryers are more efficient than conventional electric dryers and gas dryers, saving you money on each load of laundry.  - Rebates cover up to 100% of the costs of purchasing and installing a new electric heat pump clothes dryer. - Eligibility based on household income. ‍ #### Electric Stove or Oven Electric stoves provide better energy efficiency and indoor air quality than gas stoves. - Rebates can cover up to 100% of the costs of electric stoves, cooktops, ranges, and ovens. - Eligibility based on household income. ‍ #### Breaker Box Tax credits and rebates are available to upgrade a home’s breaker box and wiring to accommodate the increased electrical demand resulting from the addition of new electric appliances. ‍ #### Electric Vehicle Never pay at the pump again. - Tax credits up to $7,500 for new electric vehicles and $4,000 for used electric vehicles. - Save an average of $950 a year on fuel costs. ‍ #### Windows & Doors Reduce energy leakage – keeping homes warmer in the winter, cooler in the summer, and saving money on utility bills. - Claim up to $1,200 in credit each year for adding insulation or installing efficient windows and doors. - Special credit of as much as $2,000 for electric heat pumps that provide super-efficient heating and cooling. - Claim a credit of up to $150 for a home energy audit conducted by an inspector. ‍ #### Heat Pump Water Heater Heat pump water heaters can be two to three times more energy efficient than conventional water heaters. - Tax credits and rebates can cover up to 100% of the costs of heat pump water heaters. - Eligibility based on household income. ‍ #### Heat Pump Installing a heat pump, a super-efficient alternative to furnaces and air conditioners, can save you hundreds of dollars each year on energy bills. - Tax credits and rebates can cover up to 100% of the costs of heat pumps. - Eligibility based on household income. ‍ Armed with these insights, you're ready to optimize your investments by leveraging upcoming rebates and energy-efficient upgrades. Here's to a prosperous journey in the ever-evolving landscape of real estate. Have questions? Our team is ready to help. Contact us any time. Share: ### Related posts #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/williamsburg_in_brooklyn_ny_vs_brooklyn_heights_-_100185_-_30121_geAbDTbnk.jpg) BUYERS & SELLERS Williamsburg in Brooklyn, NY vs Brooklyn Heights](https://www.undividedre.com/blog/williamsburg-in-brooklyn-vs-brooklyn-heights) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/williamsburg_in_brooklyn_ny_vs_dumbo__brooklyn_-_100185_-_30120_AVlvwhQrZ-1.jpg) BUYERS & SELLERS Williamsburg vs. Dumbo, Brooklyn, NY: Cost & Culture](https://www.undividedre.com/blog/williamsburg-in-brooklyn-vs-dumbo-brooklyn) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/hospitals_in_williamsburg_in_brooklyn_ny_-_100185_-_26700_06vSuceNq-1.jpg) BUYERS & SELLERS Hospitals in Williamsburg, Brooklyn, NY: Full List](https://www.undividedre.com/blog/hospitals-in-williamsburg-in-brooklyn) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/utilities_in_williamsburg_in_brooklyn_ny_-_100185_-_26699_Lw3VDFtXP-1.jpg) BUYERS & SELLERS Utilities in Williamsburg in Brooklyn, NY: Average Costs](https://www.undividedre.com/blog/utilities-in-williamsburg-in-brooklyn) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/weather_patterns_in_williamsburg_in_brooklyn_ny_-_100185_-_26698_SQEd1LVlJ-1.jpg) BUYERS & SELLERS Weather in Williamsburg in Brooklyn, NY: Season Guide](https://www.undividedre.com/blog/weather-williamsburg-in-brooklyn) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/history_of_williamsburg_in_brooklyn_ny_-_100185_-_26694_Tz-FrsHGX-1.jpg) BUYERS & SELLERS History of Williamsburg in Brooklyn, NY: Farm to Arts Hub](https://www.undividedre.com/blog/williamsburg-in-brooklyn-history) ![Background](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/footer/background.jpg) Begin the Conversation [Schedule a 30-min strategy call](https://www.undividedre.com/schedule-an-appointment) Links - [Home page](https://www.undividedre.com) - [About Us](https://www.undividedre.com/about-us) - [Services](https://www.undividedre.com/buy) - [Market Insights](https://www.undividedre.com/blog) - [Rental Process](https://www.undividedre.com/rental-process) - [Contact](https://www.undividedre.com/schedule-an-appointment) Contact Us 136 Madison Ave, 6th Fl New York, NY 10016   hello@undividedre.com +1.646.631.2220 ![Youtube](//44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/youtube.png) [(opens in new tab)](https://www.youtube.com/@undividedaccess) ![Instagram](//44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/instagram.png) [(opens in new tab)](https://www.instagram.com/undividedrealestate/) ![Linkedin](//44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/linkedin.png) [(opens in new tab)](https://www.linkedin.com/company/undividedre) [![Undivided](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/footer/logo.png)](https://www.undividedre.com/) UNDIVIDED INC. 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