Inflation Reduction Act: Circuit Upgrade Tax Credit
Improve home efficiency and save money with this circuit tax credit from the federal government.
Rebate Overview
Overview
The Inflation Reduction Act: Circuit Upgrade Tax Credit is a tax credit designed to help homeowners upgrade their electrical panels. To qualify, the equipment must be rated for at least 200 amps. This credit covers 30% of the upgrade cost, up to a maximum of $600. Upgrades completed in 2025 and claimed on your 2025 tax return (filed in early 2026) should be safe. However, there is a possibility that this tax credit may be eliminated starting with the 2026 tax year. We are closely monitoring this situation and will provide updates as more information becomes available.
Benefits
Upgrading your electrical panel can enhance your home's safety and accommodate modern electrical needs. This improvement can also increase your home's value and make it more comfortable. Additionally, by ensuring your home is equipped with up-to-date electrical systems, you contribute to reducing energy consumption and supporting a cleaner environment.
More Information
- Eligibility: Homeowners who upgrade their electrical panels to equipment rated for at least 200 amps are eligible for this tax credit.
- Claiming the Credit: To claim the credit, complete the appropriate tax forms when filing your 2025 tax return.
- Potential Changes: There is a possibility that this tax credit may be eliminated starting with the 2026 tax year.
Details
- Expiration date: December 31, 2032
- Incentive type: Tax Credit
- Amount: $ 600
- Maximum Amount: $ 600
- Maximum Percent: 30%
- Category: Circuit
- Link: More details
Maximize Your Savings with QuitCarbon
QuitCarbon's free, expert guidance makes it simple and affordable to get fossil fuels out of our homes. We've helped thousands of homeowners with planning, installation, and rebates on upgrades like heat pumps, mini-splits, induction cooking, and EV chargers.
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