Federal Tax Credit
Save up to $600 – Federal Tax Credit on Electrical Panel Upgrade
Rebate offers and eligibility subject to change. Contact your Contractor/ Incentive Provider for the most up to date rebate information.
Federal Tax Credit
TAX CREDIT
30% of the costs up to $600
LAYERABLE?
Yes
INCOME QUALIFYING?
NoREQUIREMENTS:
The 25C tax credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032.
Eligible for 30% of costs, including labor, up to yearly maximum limit of $600 for panel upgrades only if upgraded with another project covered by 25C such as a:
- any qualified energy effiency improvements or
- any qualified energy property such as heat pump or heat pump water heater installs.
Applicable for existing homes, and not for new construction.
Note: We expect the 25C tax credits to expire on December 31, 2025, based on HR1 (OBBB). The IRS website has not yet been updated, we're monitoring closely and will update the information as soon as official guidance changes.
The total annual credit limit may be up to $3,200 for 25C tax code, which will allow the annual $1,200 limit for building envelope improvements to be paired with the annual $2,000 limit for heat pumps and heat pump water heaters. Refer to the IRS Fact Sheet for latest information. IRS Fact Sheet