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    Real Estate
    Thursday, March 30, 2023

    Sound Advice 2-10-23

    Did you know there are tax credits available for real estate improvements? Broker Matt St. Amour explains the opportunity for homeowners:

    “Under the Inflation Reduction Act of 2022, federal income tax credits for energy-efficiency home improvements will be available through 2032. A broad selection of ENERGY STAR-certified equipment is eligible. For example, if you upgrade your electrical panel, you can qualify for up to a $600 tax credit. A new heat pump may qualify for up to a $2,000 tax credit. A tax credit is a dollar-for-dollar savings, meaning the credit comes directly off your tax liability. Taking advantage of tax credits, along with any available rebates, is a good way to help make a clean-energy future more affordable.”

    Have a question for a local Realtor? Ask it here: welcomehome@theday.com

    Matt St. Amour, Broker-Owner

    Making Connections Realty

    Mobile: (860) 803-4061


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