Understanding the IRA Efficient Home Improvement Tax Credit

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Follow along with GHI Education Manager Brett Little as he takes you through the good, better, and best improvements that can be done to existing homes that line up with the new Inflation Reduction Act Energy Efficient Home Improvement Credit. We will discuss how to access these credits and review what we do not know yet. We will also briefly discuss the Residential Clean Energy Property Credit and where it fits in with this.
Continuing Education Units (CEUS) 1 hour in
• Green Business Certification Inc. (GBCI)
• Building Performance Institute (BPI) NonWholeHouse
• Submitted for American Institute of Architects - AIA (LU)
• Certified Green Professional (NARI & CGP)
• Certified GreenHome Professional (CGHP) Pillar(s): Energy, Health, Materials, Water, Place
• AIBD
• State Architect / Builder License may be applicable
• Passive House Consultant US (CPHC)
Lessons Learned
1. Understand the benefits of energy-efficient and healthy home improvements and what tax credits may come.
2. Know where to get more information to determine what products are eligible for tax credits
3. Review the order of energy-saving home improvements which often happen over time
4. Articulate the value of getting a GreenHome Inspection to determine the best way forward.
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Speaker
Brett Little is the Education Manager at the GreenHome Institute. He has personally used tax credits, rebates, and multiple financial resources to pull together Pearl Platinum & GreenStar Homes renovations on two homes he has owned. He hopes to help everyone to succeed in doing the same.

Опубликовано:

8 мар 2023

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Комментарии : 16

@WISJONSIN Год назад

Thank you for making this video. It begins to shed light on a confusing space in our tax law. This post is to help homeowners figure out what will qualify for air source heat pumps. The wording and language on the Energy Star website is worse in 2023 than in 2022 regarding Air Source Heat Pumps. They use words like "in general, most, may be eligible".... and like Brett says the covered products lists they provide are incomplete. There is not agreement among manufacturers (websites at least), distributors, installers or CPA's on what is a covered product. 20:01 minutes in introduces the Energy Star Requirements. Energy Star does not have a phone number or a contact email for clarification.... GREAT! 50:00 minutes for heat pump. This is where the friction is among home owners, CPA's, installers and equipment distributors. This is a big change from 2022 and where a ton of confusion lays. 15 SEER, 12.5 EER, 8.5 HSPF was the 2022 requirement. And now 16 SEER2, 12 EER2, 9 HSPF2 is the 2023 requirement. But guess what??? Manufactures and installers have to unload all the old 2022 stock that does not qualify. And the stock that would qualify is mostly not available. 2022 stock doesn't even have the new 2023 ratings mentioned on it. from the Energy Star Website- "Please note, not all energy star certified products qualify for a tax credit". See their Definitions section. Don't buy anything expecting a tax credit unless you get the signed manufacturers certification statement FIRST! AHRI certification is not the same as a Signed Manufacturers Certification Statement. You get these from the Manufacturer website after some digging. BUYER BEWARE! Energy Star Alone does not mean the system qualifies for the tax credit. It has to meet spec in your region. There's gonna be a lot of unhappy home owners come tax time in 2024 for being scammed in 2023. BTW....The extra money spent on a qualifying system ISNT worth it, you'll be replacing the 410A system in 10 years after the next goal posts are moved on the next green refrigerant requirement. I am getting the cheapest made in mexico like everything else is 14 SEER system possible since all this red tape smoke n mirrors is too much.

@GenRicOpekc Год назад

Its awesome that your house is off the grid

@nightpups5835 Год назад

on solar thermal, it's very popular around Florida from what I can see, usually for heating pools. Wind I've only really seen on ranch/off the grid living situations, it does seem to be popular at the back-up power level coupled with portable batteries like jackery.

@paladain55 Год назад

What is "efficient heating equipment"? Will a Act D'mand hot water on demand circulation pump go into one of these categories for 2022?

@GreenHomeInstitute Год назад

You need to go to the energy star link provided at the start to see what is required and what qualifies. No, recirc will not be required.

@paladain55 Год назад

@@GreenHomeInstitute Do you happen to know if a recirc pump qualifies any where for 2022?

@GreenHomeInstitute Год назад

@@paladain55 Great question, the recirc alone will not but having it on the work order for the water heater? Hmmm, that is a good question... I guess we have to ask the DOE or IRS?

@paladain55 Год назад

@@GreenHomeInstitute its a recirc on demand button so its pretty dang helpful. You don't need to run the water for hot water anymore as you can just press the button.

@GreenHomeInstitute Год назад

@@paladain55 Once you go heatpump it can be 5% or less of total energy so not much more to save here!

@theonellakats2443 Год назад

I am 71 years old on Social Secrity below $16,000 and I haven't had to file since I was 65. I have a gas stove and can't afford to buy an electric stove in order to receive a credit or rebate. So, what am I able to do?

@DW11111 Год назад

What day is international men's day? Do you even know it exists?

@GreenHomeInstitute Год назад

You can use google to determine this. Do you have a question or comment on the topic?

@DW11111 Год назад

@@GreenHomeInstitute So that's an "I dont know" and "No", respectively, to the two questions I asked? figured as much. you brought up womens day in the presentation, so my questions are very much on topic.