State and Federal Financial Incentives
Summary: Learn about state and financial incentives.
Description
Take advantage of big state and federal incentives and tax credits.
Federal tax credits cover up to 30% of the costs of heat pumps, heat pump hot water heaters, insulation, solar, windows, home energy upgrades, electric cars and more.
What's eligible? Chart from the Department of Energy
Calculate your tax credits from Rewiring America and related fact sheet.
How to file - IRS factsheet.
Get more in Massachusetts!
The Mass Save program offers incentives for energy assessments, insulation, heat pumps, heat pump hot water heaters, induction stoves, and more. See this fact sheet and more FAQs to understand how the Federal tax incentives work with Mass Save.
Electric Vehicles and Hybrids
Massachusetts electric vehicle incentives provides $3,500 - $5,000 for cars and $7,500 for trucks in rebates.
See these and federal incentives at the Drive Green Program from Green Energy Consumers Alliance.
Plus, National Grid offers electric car and charging incentives.
Deep Dive
Steps to Take
- Home Energy and Solar: Review Mass Save rebates and financial benefits. Check to see if federal tax incentives apply to your action using this calculator and Department of Energy table listing eligible activities. File for federal tax credits using IRS forms - see explanation. Review these FAQs and factsheet to explain how the Federal tax incentives work with MassSave.
- Electric Cars and Chargers: Review Massachusetts and Federal incentives for cars and chargers. Review the FAQs about Massachusetts incentives. National Grid offers financial incentives and rebates for chargers.