Homeowners in Southern Oklahoma have a unique opportunity to enhance their homes' energy efficiency while saving money through the Energy Efficient Home Improvement Tax Credit.
As we approach the end of 2024, this tax credit offers substantial incentives for upgrades like high-efficiency heat pumps, improved insulation, and more. At Pippin Brothers, we've been serving our community since 1978, and we understand the challenges of rising energy costs and the need for more efficient homes. We can help you find the best financing and incentive opportunities, including the energy efficiency tax credit.
Here’s how the home efficiency tax credit can help you in 2024:
How the Energy Efficient Home Improvement Tax Credit Works
The Energy Efficient Home Improvement Tax Credit is a valuable incentive for homeowners looking to enhance their homes' energy efficiency. This federal tax credit allows you to claim 30% of the cost of eligible home improvements.
There is an overall annual limit for the tax credit of $3,200, which is separated into two groups: up to $2,000 annually for heat pump and heat pump water heater installation and up to $1,200 annually on other energy efficiency upgrades that include:
- Insulation and air sealing materials: Up to $1,200
- High-efficiency furnaces and air conditioners: Up to $600 per unit
- Energy audits: Up to $150
- And more!
Why Upgrade Your Home Now?
Timing is essential for maximizing the benefits of the Energy Efficient Home Improvement Tax Credit, making fall the perfect season to schedule your upgrades. By enhancing your home's energy efficiency now, you'll not only enjoy improved indoor comfort, but also lower heating bills throughout the winter.
You can claim the tax credit when you file your taxes for the year improvements are completed. This means by completing your energy efficient upgrades in 2024, you'll be able to claim the credit in early 2025, minimizing the wait time to receive your tax credit. Postponing your upgrades until 2025 will result in waiting until April 2026 to claim your credit—a delay of more than a year!
Improve Your Home One Step at a Time with Pippin Brothers
At Pippin Brothers, we understand that home improvements can be a significant investment. That’s why we focus on providing reliable and long-lasting solutions tailored to your specific needs. Our team of experienced professionals is dedicated to helping you enhance your home's energy efficiency, comfort, and indoor air quality. With our comprehensive approach, we’ll work with you to identify the best upgrades that qualify for the Energy Efficient Home Improvement Tax Credit, ensuring you maximize your savings. We offer a range of services designed to meet your home improvement goals and our commitment to quality means you can trust that the solutions we provide will stand the test of time.