Investing in your home’s efficiency offers numerous benefits in Middle Tennessee, like lower utility bills, improved comfort, and sustainability. This is why there are several incentives available to make home upgrades, like insulation and high-efficiency HVAC systems, more accessible to all.
E3 INNOVATE stays up-to-date on what rebates and tax credits are available to homeowners in the area and is a participating contractor in many local programs. If you’re looking to improve your home, we can help you determine what incentives you’re eligible for and find savings.
Energy Efficient Home Improvement Tax Credit
As a part of the Inflation Reduction Act (IRA) of 2022, the Energy Efficient Home Improvement Tax Credit was updated and extended through 2032. To qualify for this federal tax credit, you must have a taxable income and be making upgrades to your home in the United States (no new construction).
Qualifying home upgrades for the IRA federal tax credit include:
- Home Energy Audits ($150 annual limit)
- Insulation & Air Sealing ($1,200 annual limit)
- High-Efficiency Furnaces & Air Conditioners ($600 annual limit)
- Heat Pumps & Ductless Mini Splits ($2,000 annual limit)
- Geothermal Heat Pumps (no annual limit, 30% tax credit)
TVA EnergyRight Rebates
E3 INNOVATE is a qualified contractor in the TVA EnergyRight rebate program, which offers significant savings for Middle Tennessee residents. After your home upgrades are complete, we’ll send in the paperwork for you within 30 days and once approved, you’ll get an email to redeem your rebate.
Qualifying upgrades for the TVA EnergyRight rebate program include:
- Heat Pumps & Ductless Mini Splits (Up to $1,500, depending on the system)
- High-Efficiency Air Conditioners (Up to $400, depending on the system)
- Air Sealing (Up to $300)
- Attic Insulation (Up to $500)
- Wall Insulation (Up to $300)
Maximize Your Savings with E3 INNOVATE
Incentive programs are often changing, which is why we recommend reaching out to our team directly to find out what’s currently available. At E3 INNOVATE, we use a whole-home approach to find the most reliable and effective solutions to common issues throughout your home, such as poor indoor air quality, inefficient heating and cooling, and more.
Find out how much you can save with tax credits & rebates today. Call 615-876-5479 or contact us online for more information.