Inflation Reduction Act of 2022 is broad piece of legislation that encourages homeowners to work toward U.S and greenhouse gas reduction goals.
The Energy Efficiency Home Improvement Credit is dollar-for-dollar offset on the amount of taxes you owe, up to set amount.
You can obtain 100% of the rebate amount if your income is less than 80% of your Area Median Income.
There are some limitations for homeowners applying for either tax credit or rebate on their HVAC installation or upgrade.
We always recommend that you consult experienced tax professional and your State Energy Office before applying for either the tax credit or rebate to ensure your chosen equipment match qualifies..
Allied ) is not acting in the capacity of legal or tax advisor and does not make any representation, warranty, guarantee or other assurance as to whether particular match-up qualifies or is eligible for tax credit or rebate.
The IRS, DOE, energy offices are responsible for the implementation and administration of tax certificates rebates.
There are important requirements and limitations for the homeowner to qualify for tax credits rebates.
As result, Allied recommends that you and your customers consult with advisor or attorney regarding qualification for tax credit rebate in their particular circumstance and verify and review the applicable laws and regulations.
Allied disclaims all liability for damages of any kind arising out of homeowner's claim for tax credit rebate.
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