Arkansas HVACR NewsMagazine January 2023

HVACR NewsMagazine January 2023

State National Chapter News

Energy Efficient Home Improvement Credit

Qualifying Rebate

Amount Per

Maximum $

Aggregate Total $1,200 annually

Exterior Doors

30% of cost $250 each

Does not include labor

$500

Windows & skylights

Amounts over aggregate may not carry over to next year.

30% of cost

$600

Link

Insulation & air sealing

30% of cost

Link

$1,200

Home Energy Audits

Link

30% of cost

$150

97% Gas Furnace

It appears that these also have a $1,200 aggregate annual limit under EEHIC

30% of cost including labor $600 Includes Labor

Link

Central Air

30% of cost including labor $600

Link

Panel boards, etc. branch circuits, etc. (200 amps or more) Heat Pumps, Electric or Nat ’ l Gas

30% of cost including labor $600

30% of cost including labor $2,000 Includes Labor EEHIC do not carry forward to the next year and do not qualify for a refund. These are credits for the year of installation, not rebates. Link

Residential Clean Energy Property Credit

Geothermal Heat Pumps Solar Panels & Batteries Retrofits reducing energy use by >= 20% Retrofits reducing energy use by >= 35%

Credit can be carried over

30%

No Limit

Link

Link

30 %

High Efficiency Electric Home Rebate Program

$2000

$4000

Link

Heat Pumps

100% of Cost Household Income <=80% of median

$8,000 annual

50% of Cost Household Income >=80% but <=150% of median

Electric Panel/ service upgrades

$4,000 annual

This information is based on our research and the included links. We are not tax accounts or lawyers. One should not base their personal or business plans on this information but rather consult your tax professional.