Tax Credits and Rebates for Energy Efficient Appliances and Home Improvements

Homeowners in Perth Amboy can purchase items affordably to upgrade their homes and save energy costs. The Inflation Reduction Act of 2022 provides federal tax credits and deductions to purchase energy efficient appliances and make home improvements that reduce your energy costs. A homeowner can reduce monthly energy costs by purchasing an energy efficient appliance and making other energy efficiency improvements, and there are up to $3200 in tax credits for homeowners to do so. These credits are available through 2032. When you couple this with the rebates offered by companies for energy efficient appliances, offered by PSEG and Elizabethtown gas for example, it is a great incentive to buy these items at the low cost. For example, an energy efficient gas dryer is eligible for a $200 rebate, plus the tax credits.