CLIMATE CHANGE
LIST OF CLIMATE CHANGE INCENTIVES Hadley Electric Light Dept. (SHELD) Energy Audit phone (888) 333-7525. This audit covers electrical appliances and HVAC devices not covered by the Mass Save energy audit which is only for Eversource customers. For MassSave audits see below. Electric lawn mower $100, Leaf Blower $25, Trimmer $2, Electric Bicycles $200, Electric Service Upgrades $200. For Details see: https://www.sheld.org/pages/forms/greenhouse-gas-reduction-rebates/ Connected Homes The Program Wi-Fi connected devices can receive monthly Incentives. https://munihelpsconnectedhomes.virtualpeaker.io/overview/ Peak Demand Devices – Sonnen Battery$15/MO.,ChargePoint point EV Charger $10/MO., GE or Rhein H2O Heater $5/MO. Mini-Split Controller $5/MO. For Details see https://sheld.org/pages/forms/the-helps-connected-homes-program/ Air Source Heat Pump or Mini-Split $250- $500. For Details see: https://www.sheld.org/pages/forms/cool-homes-rebate/ Home Efficiency – Blower Door Test & Air Sealing, Energy Star Rated Heating System, Insulation & Duct Sealing 50%, up to $500. Home Energy Conversion Loan 23 Cool Homes Rebate (Heat Pumps) 23 SHELD and Central Chevrolet had offer up to $4,250 off a new Bolt. For Details see: https://sheld.org/uploads/south-hadley-central-bolt-8-21.pdf SHELD and Quirk Chevrolet has offered up to $5,500 off a new Bolt. The IRA may have changed the offer. For Details see: https://sheld.org/uploads/south-hadley-quirk-bolt-8-21.pdf SHELD $300 rebate for a ChargePoint EV charger call 413-536-1050 Details See: https://www.sheld.org/uploads/2023-greenhouse-gas-reduction-rebates.pdf?_cchid=eeda7a0b9e88d122bcbadfcc03ea7a65 Charging Stations now at South Hadley Senior Center, Village Commons & at Mount Holyoke College off Morgan St. Massachusetts Incentives Mass Save (1-866-527-7283) Free Home Energy Audit and Residential Rebates for Eversource Customers in South Hadley Only 866-527-7283 All MassSave incentives Insulation 75%-100% Off, https://www.masssave.com/residential/rebates-and-incentives?gad_source=1&gclid=CjwKCAiAzJOtBhALEiwAtwj8ttB2oRzH63r4jxKM1Ao33gTipBH2OHHU7ot5HRYvb-nKg-UTNAxJYRoC4PAQAvD_BwE Heat Pump Water Heaters up to $600, For Details see: https://www.masssave.com/residential/rebates-and-incentives/heating-and-cooling/heat-pumps/air-source-heat-pumps Induction Stove up to a $500 rebate (https://masssave.com/residential/rebates-and-incentives/inductionstove) Natural Gas Boilers & Furnaces up to $2,750, Thermostats up to $100, Clothes Washers up to $150. Heat Pump of up to $10,000. In South Hadley and other town owned utilities (MLPs) Eversource clients can only get funding for heat related sources. For Details see: https://masssave.com/residential/rebates-and-incentives#heating-and-cooling Purchase or lease a new eligible vehicle with a purchase price less than $50,000. Receive up to $3,500 for a new battery or fuel cell electric vehicle, and up to $1,500 for a new plug-in hybrid electric vehicle. For Details see: https://mor-ev.org/ Massachusetts Solar PV Incentives Tax credit of up to $1,000 credit For Details see: https://mass.gov/regulations/830-CMR-6261-residential-energy-credit Federal Tax Credits The Inflation Reduction Act (IRA) Makes tax incentives possible for non profits, cities and towns. Whole Home Energy Reduction up to $8,000, Heat Pump Water Heater $1,750, and Heat Pumps up to $8,000, Induction Stove $1,340, Heat Pump Clothes Dryer $840, Electric Panel $4,000, Basic Weatherization $1,600, Electric Wiring $2,500. Starting in late 2023 (the state and federal government are working together so check to be sure) the Inflation Reduction Act will offer funding for heat pumps. Depending on household median income the rebate for air to air heat pumps is up to $8,000. Most of these incentives have an “up to” condition. See: Making “Cents” of Incentives: MassSave Incentives & IRA Tax Credits https://youtube.com/watch?v=d2N5ywp8LDo 30% IRS tax credit for residential solar PV and home battery storage which can be taken over several years. Must be installed by a professional. Up to $7,500 for new EVs with restrictions on foreign cars and batteries. There is also a $4000 tax credit for purchasing a used EV. Available later in 2023 an extra $1,500 for low-income residents and an extra $1,000 if you turn in a gas-powered car with your EV purchase. Point of sale tax credit is scheduled to start in 2024. Which cars are eligible is an evolving process involving the IRS. This will be adjusted over the coming year. The treasury department ruled that some leased cars are eligible for $7,500 rebate. EVs Getting IRS Tax Credit https://blog.greenenergyconsumers.org/blog/new-list-of-electric-cars-for-federal-tax-credit Inflation Reduction Act Links Tax Credits for Homeowners 22 – IRA Heat pump Incentives 22 – IRA on EVs Video – (Deep Dive) EnergyStar Appliances air source Heat Pumps $300, Air Conditioners $300, Hot Water Heaters $300, Biomass Stoves $300 Home Air Sealing (Materials Only) 10% up to $500, metal or asphalt Roofs (Materials Only) 10% up to $500, Windows, Doors & Skylights (Materials Only) 10% up to $500 Air Purifier, Room Air Conditioner, Clothes Dryer (Electric) $50, Freezer, Dehumidifier, Dishwasher, Clothes Washer & Refrigerator $25 for Standard. Freezer, Dishwasher, Refrigerator, Clothes Dryer (Electric) & Clothes Washer $100 for Most Efficient. Variable Speed Pool Pump $200 for Standard. Heat Pump Clothes Dryer $500 for Standard. Heat Pump Water Heater $500 for Standard. Wi-Fi Smart Thermostat $100 for Standard. For Details see:https://energystar.gov/ 30% for Geothermal Heat Pumps, Small wind turbines (residential) and Solar Energy Systems (including solar water heaters) For Details see: https://energystar-mesa.force.com/ENERGYSTAR/s/article/What-tax-credits-are-available-1600088465189?topicId=0TOt00000008fI9GAI&topicName=Tax%20Credits Renewable energy tax credits and rebates seem to come and go in a very arbitrary way. A check of federal, state, town, seller, installer and utility web sites (some of which are listed below) is the best before any purchase. Also get several estimates and talk to equipment owners. The qualifications, rules and paperwork are also a moving target. Why should you get tax credits and rebates for renewables? For the same reason we get them for children, education, major illness, business expenses and so on. These credits and rebates are an attempt to get folks to do things that will help society as a whole. There are now four things which make PV solar a money and life saving idea. They are: the 30% federal tax credit, MA incentive, the end, or nearly so, of an electric bill and, most important, the step toward slowing the Climate Change spiral. The incentives are changing all the time. Residential Solar Photovoltaic (PV) The work must be done by a professional in order to get incentives. If the tax credit exceeds your tax, the credit can be carried over to the next five tax years. The Mass. state tax credit is up to $1,000. many banks have low interest loans for PV. Some installers who offer loans included in their estimates may have higher interest rates or charge more for the panels and hide the extra cost in the loan. As a benchmark, in 2016 I paid $8,625 for a 2.3kwh PV system. The SMART program (which replaces SRECs) will get residents served by investor owned utilities a check several times a year for ten years. The amount depends on the size of your system and a very complicated formula. South Hadley residents have no rebate from SHELD at present. https://seia.org/initiatives/tax-policy/ Electric and Hybrid Electric Cars get up to a $7,500 tax deduction (List Below is as of 4/27/2023. If the credit exceeds your tax for the year of purchase you loose the excess. Switching retirement money from a tax free IRA to a Roth IRA can increase your taxes. Massachusetts offers a $3,500 rebate at the time of the electric car sale (see URL below). MA Rebate https://mor-ev.org/ $3,500 rebate on EVs https://www.greenenergyconsumers.org/drivegreen IRA Tax Credits Which EV models qualify for tax credits in 2024 ? GM Gives $7500 Tax Incentive 24 HOME – CLIMATE – EV CARS – SOLAR – SOUTH HADLEY – LINKS – CONTACT |