Transforming Nevada Homes: 5 Ways to Maximize Your Energy Savings This Tax Season

Right here in Nevada, we’re harnessing the power of the sun, investing in clean energy, and taking bold steps toward a sustainable future. The Clean Energy Plan, championed by President Joe Biden, is not just a vision; it’s an actionable plan that brings tangible, cost-saving benefits to Nevada’s residents. 

This guide aims to empower Nevadans with federal clean energy tax credits available now to help transform your homes, reduce utility bills, and contribute to a cleaner, more sustainable Nevada.

The Inflation Reduction Act: Powering Nevada’s Clean Energy Revolution

The Inflation Reduction Act, a groundbreaking achievement, sets the stage for the U.S. to reduce greenhouse gas emissions by approximately 1 billion tons by the year 2030. Nevadans can play a crucial role in this transformation by taking crucial steps to upgrade household appliances, transition to an electric vehicle, and weatherize your homes. 

Maximize Your Tax Return By:

1. Making Energy-Efficient Home Improvements (Section 25C)
   • Tax Credit: Up to $3,200 off each year
   • Eligible Projects: Weatherization, insulation, heat pumps, heat pump water heaters, and energy audits
   • No Income Limit: Open to ALL Nevadans
   • For more information, visit the IRS 25C webpage here and the IRS fact sheet here.
2. Installing Rooftop Solar and Other Clean Energy (Section 25D)
   • Tax Credit: 30% discount
   • Eligible Projects: Solar installations, solar-powered water heaters, small wind energy, geothermal heating, and battery storage
   • For more information, visit the IRS fact sheet here.
3. Purchasing A New Electric Vehicle (Section 30D)
   • Tax Credit: Up to $7,500 off
   • Eligibility: Certain electric vehicles for households below specified income thresholds
   • Detailed information about eligibility requirements (income, critical mineral and battery requirements, and manufacturer-suggested retail price) is available here.
4. Purchasing A Used Electric Vehicle (Section 25E)
   • Tax Credit: Up to $4,000 off
   • Eligibility: Income and vehicle price limits apply
   • Detailed information about qualified vehicles, income eligibility, and more is available here.
5. Installing A Home EV Charger (Section 30C)
   • Tax Credit: 30% up to $1,000 off per charger
   • Target: Low-income and rural areas
   • Detailed information about this tax credit can be found here.

As Nevadans, it’s time to seize the opportunity to create a more sustainable and energy-efficient future for ourselves and future generations. By leveraging these federal tax credits and consumer rebates, Nevadans can reap the benefits of sustainable living while enjoying substantial energy savings and environmental benefits. It’s time to transform Nevada’s homes and communities into beacons of clean energy innovation.

Ready to take the next step? Explore your options and calculate your potential savings with Rewiring America’s Personalized Electrification Plan. Together, we can build a brighter, greener future for Nevada!