Check out this complete list of tax credits, incentives and rebates for renewable energy, systems, appliances and EV cars.
- Loans: Financing Green Homes and Upgrades
- Database of incentives and tax credits for each state
- Rural and Low Income Grants and Assistance for Utility and Renewable Energy
- Tax credits for renewable energy and electric or plug-in hybrid vehicles -- Federal
- Energy Star Rebates
Purpose: financing green upgrades into a home loan.
“Freddie Mac believes that reducing home utility costs places families in a better financial situation and helps preserve home affordability over time.
Through our GreenCHOICE Mortgage® offering, we are committed to facilitate the financing of energy efficient home improvements and energy efficient homes, helping more families attain and maintain home affordability.
Finance energy efficient improvements with any mortgage product, property type and financing terms up to 30 years to provide greater affordability for borrowers, offer more flexibility and combine the flexibilities of Home Possible Mortgages to offer borrowers additional affordable financing opportunities.”
“Now you can give your customers the option to renovate and rehab a new or existing home by including financing in their conventional purchase or refinanced home loan. LTV is calculated taking the proposed project into account, giving them more purchasing power and more options to make their home their own.”
The property assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property.
PACE programs allow a property owner to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary assessment.
Other home purchasing resources:
This is a general mortgage calculator to get you started. To know how much you can realistically afford, however, you need to speak with your lender who can start you on your pre-approval process.
Realty Sage Pros: Real estate agent finder.
Work with local knowledgeable real estate agents using RealtySagePros.com, which matches you based on your buying and selling needs to agents experience and knowledge. It’s free and there are no contracts or obligations to see who your agent matches are.
If you are purchasing a home with green and energy efficient features, make sure that the appraiser is capable of conducting the proper appraisal with these features. They will utilize this addendum.
Purpose: locate eco financing for upgrades, rebates and renewable energy by state.
“DSIRE is the most comprehensive source of information on incentives and policies that support renewable energy and energy efficiency in the United States.”
Purpose: Financial assistance programs for energy costs
The Department of Agriculture’s Rural Energy for America Program (REAP) is aimed towards agricultural producers (at least 50% of income from agriculture) and small rural businesses.
“The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing.”
Purpose: To reduce the cost of utilities and provide cost assistance for weatherization and repairs
The Low Income Home Energy Assistance Program (LIHEAP) helps keep families safe and healthy through initiatives that assist families with energy costs. We provide federally funded assistance in managing costs associated with:
- Home energy bills
- Energy crises
- Weatherization and energy-related minor home repairs
Purpose: Adding renewable energy to your home including solar, fuel cells, small wind turbines, and geothermal heat pumps
Under the Consolidated Appropriations Act of 2021, the renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems.
- 30% for systems placed in service by 12/31/2019
- 26% for systems placed in service after 12/31/2019 and before 01/01/2023
- 22% for systems placed in service after 12/31/2022 and before 01/01/2024
Purpose: Buying an electric or plug-in hybrid vehicle
Thinking about extending your energy efficiency to your car? These tax credits could help make your electric vehicle purchase a reality.
Purpose: Buying new energy efficient appliances, systems and technology
ENERGY STAR Rebate Finder on ENERGY STAR certified products.
Their rebate database shows which rebates may be available in your area by zipcode. List of available types of ENERGY STAR certified products including appliances, systems and technology which may be eligible for rebates.