Lower Merion Township, PA
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Sustainability Incentives for Individuals & Households
The Inflation Reduction Act includes significant upfront discounts and tax credits for homeowners who are investing in home energy conservation and electrification projects that lower their carbon footprint. These subsidies can help to lower net costs for installing solar panels, weatherizing and rewiring your home, or replacing air conditioning, heating, water heaters, stoves, ovens and dryers that are at the end of their useful life with more efficient, electric systems. More information about how to take advantage of these incentives will be provided as it becomes available.
Some subsidies are subject to income limitations - to calculate the subsidies your household could receive, visit https://www.rewiringamerica.org/app/ira-calculator.
For more information, see Rewiring America's Guide to the Inflation Reduction Act.
Potential Upfront Discounts
When you buy and install a new appliance, the discount would be taken right off the bill from the manufacturer or your contractor.
Max Amt.
- Heat pump Air Conditioner/Heater $8,000
- Whole-home Energy Reduction $4,000
- Electric panel upgrades $4,000
- Electric wiring upgrades $2,500
- Heat pump water heater $1,750
- Weatherization $1,600
- Electric stove $840
- Heat pump clothes dryer $840
Maximum upfront discounts $14,000
Potential Tax Credits
A tax credit is a provision that reduces a taxpayer's final tax bill, dollar-for-dollar.
Max Credit
- Rooftop solar installation 30%
- Battery Storage Installation 30%
- Geothermal Heating Installation 30%
- New Electric Vehicle $7,500
- Heat pump air conditioner/heater $2,000
- Heat pump water heater $2,000
- Weatherization $1,200
- Electric Panel $600