What it is
Rewiring America's IRA Savings Calculator estimates the total value of federal clean energy tax credits and rebates available to your specific household under the Inflation Reduction Act. Enter your zip code, household income, and homeownership status to see credits for solar panels, heat pumps, electric vehicles, induction stoves, insulation, electrical panel upgrades, and more. The tool differentiates between tax credits (available to all) and point-of-sale rebates (income-qualified).
Why we picked this
The IRA contains over $370 billion in clean energy incentives, but the eligibility rules are complex: some credits are income-capped, some require specific equipment certifications, some expire after 2032, and rebate availability varies by state. Rewiring America's calculator cuts through this complexity by showing your specific household what you qualify for. Most households are surprised by the total: the average eligible household can access $10,000 to $14,000 in combined credits and rebates for electrification upgrades.
Key takeaways
- The average US household qualifies for $10,000 to $14,000 in combined IRA tax credits and rebates for home electrification, covering 30 to 70% of upgrade costs.
- The 30% residential clean energy credit covers solar panels, battery storage, and geothermal heat pumps with no income limit through 2032.
- Point-of-sale rebates under HEEHRA provide up to $14,000 for low-to-moderate income households (below 150% area median income) for heat pumps, insulation, and electrical panels.