Residential

Residential Renewable Energy Tax Credit

Note: Section 13302 of The Inflation Reduction Act of 2022 (H.R. 5376) extended the expiration date and modified the phase down of this tax credit. It also made stand-alone energy storage systems eligible for the credit, and biomass heaters ineligible for the credit. Biomass heaters are now eligible for the residential energy efficiency tax credit. The summary below reflects the credit after the enactment of H.R. 5376.

A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures

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Energy-Efficient Mortgages

Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.

FHA Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan

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Previously-Owned Clean Vehicle Tax Credit

Section 13402 of The Inflation Reduction Act of 2022 (H.R. 5376) established a tax credit for previously-owned clean vehicles purchased by a taxpayer after December 31, 2022. The credit is worth the lesser of $4,000 or 30% of the sale price. The model year of the vehicle must be at least two years earlier than the calendar year in which the taxpayer acquires it, and the vehicle must have a gross vehicle weight of less than 14,000 pounds. The transaction must take place through a dealer and carry a sale price of $25,000 or less, and be

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Alternative Fuel Vehicle Refueling Property Tax Credit (Personal)

Note: Section 13404 of The Inflation Reduction Act of 2022 (H.R. 5376) modified and extended the expiration date for the Alternative Fuel Vehicle Refueling Property Credit. The summary below described the credit as modified by H.R. 5376. 

Qualified alternative fuel vehicle refueling equipment not subject to depreciation allowances, including electric vehicle charging equipment, is eligible for a tax credit of 30% up to $1,000. These projects do not have to meet the same labor standards as commercial projects in order to qualify for the full 30% tax credit. 

Section 13801 of The Inflation Reduction Act of 2022 also

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New Solar Market Development Tax Credit

New Mexico provides a 10% personal income tax credit (up to $6,000) for taxpayers that own a residence, business, or agricultural enterprise who purchase and install certified photovoltaic (PV) and solar thermal systems on their property. Eligible systems include grid-tied commercial and industrial PV systems, off-grid and grid-tied residential PV systems, active solar thermal systems, and systems with or without storage. To be eligible, systems must first be certified by the New Mexico Energy, Minerals and Natural Resources Department. The taxpayer must then apply for the tax credit with the New Mexico Taxation and Revenue Department within 12 months of

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2021 Sustainable Building Tax Credit (Personal)

H.B. 15, enacted in April 2021, established a new version of the personal tax credit and corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and residential buildings.

Commercial Buildings

Commercial buildings which have been registered and certified by the U.S. Green Building Council at LEED Gold or higher for new construction (NC), existing buildings (EB), core and shell (CS), or commercial interiors (CI), and are broadband- and electric vehicle-ready are eligible for a tax credit. The amount of the credit varies according to the square footage of the building, the level of

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2021 Sustainable Building Tax Credit (Corporate)

H.B. 15, enacted in April 2021, established a new version of the personal tax credit and corporate tax credit for sustainable buildings in New Mexico. The tax credits apply to both commercial and residential buildings.

Commercial Buildings

Commercial buildings which have been registered and certified by the U.S. Green Building Council at LEED Gold or higher for new construction (NC), existing buildings (EB), core and shell (CS), or commercial interiors (CI), and are broadband- and electric vehicle-ready are eligible for a tax credit. The amount of the credit varies according to the square footage of the building, the level of

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Middle Tennessee EMC - Residential Heat Pump Loan Program

MTE can help you finance a new heat pump at 6%. The loan can have up to a 10-year term with no penalty for early payoff. Payments are added to your monthly electric bill. To qualify for MTE's Heat Pump Program, applicants must be the owner of the home and property where the heat pump is to be located and pass an independent credit review.

Start the loan process today by contacting one of the Energy Services team members listed below or by contacting a business from TVA’s Quality Contractor Network.

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Community Renewable Energy Program

Brought into Vermont law through 30 V.S.A. § 8010, Chapter 89 of Title 30, "Renewable Energy Programs", details the regulations surrounding self-generation and net-metering in the state of Vermont. This bill delegates net-metering rulemaking to the Vermont Public Utilities Commission (VPUC), who made effective their net-metering rules via Rule 5.100 on January 1st, 2017. Group net-metering systems and the processes needed to obtain a Vermont Certificate of Public Good (CPG) pursuant to 30 V.S.A. § 8010 are discussed.

Group net-metering systems are defined as a net-metering system serving more than one customer, or a customer with multiple electric meters

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Washington Community Solar Program

Beginning July 1st, 2017, under Revised Code of Washington Title 82, Chapter 82.16.170 (RCW 82.16.170), the state of Washington granted community solar administrators the ability to organize and administer community solar projects. Stipulations surrounding community solar projects include a maximum direct current (DC) nameplate capacity of 1 megawatt (MW), as well as a minimum of 10 participants or 1 per 10 kW DC nameplate capacity, whichever is greater. Projects exceeding 500 kW will be subject to a standard interconnection agreement. Members participating in any community solar project must be customers of the utility providing service at the site

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