Statewide IRA Education
Benefits to your Community
JOB OPPORTUNITIES: The Inflation Reduction Act is growing the workforce by adding hundreds of thousands of good, family-sustaining jobs across the entire country. They have also launched an exciting new program—the American Climate Corps—to specifically train and employ 20,000 young people in careers in clean energy and energy efficiency, public lands and waters protection, environmental justice, and more.
You can sign up today at whitehouse.gov/climatecorps to learn more about training in in-demand and well-paying sectors.
COMMUNITY AND BUSINESS OPPORTUNITIES: There are funds available for your community and for local businesses to install solar panels and finance renewable energy, energy efficiency, water conservation, community greening projects, and more. Visit www.irs.gov/credits-deductions/businesses
OPPORTUNITIES FOR K-12 SCHOOLS: Federal funding is available now to replace aging school buses with zero-emission models to protect students from toxic diesel pollution. Indiana schools have already been awarded 70 clean school buses. In addition, upfront resources are available for school districts seeking to save money by powering their buildings with clean energy and growing their energy efficiency.
Ready to Save Money?
CLEAN ENERGY: 30% tax credit on solar, geothermal, and battery storage
ELECTRIC VEHICLE: Up to a $7,500 tax credit for new vehicles, up to $4,000 for used vehicles
ENERGY EFFICIENCY: 30% tax credit on insulation, windows, appliances, and more
Clean Energy Benefits Available To You
ELECTRIFYING HOMES AND APPLIANCES:
- Benefits to Homeowners: Tax Credits you can access now for clean energy systems, such as:
- 30% Federal Tax Credit for rooftop solar
- 30% Federal Tax Credit for geothermal
- 30% Federal Tax Credit for battery storage
The Indiana Office of Energy Development will administer the Home Efficiency Rebate (HOMES) and the Home Appliance Rebate (HEAR) programs which will provide point of sale rebates by late 2024/early 2025:
- Up to $1,600 for weatherizing your home
- Up to $4,000 for an electric panel
- Up to $1,750 for a heat-pump water heater
- Up to $8,000 for a heat-pump air conditioner/heater
Benefits to Renters: Ask your landlord or make your own upgrades to take advantage of these benefits:
- EV tax credits
- Home Appliance Rebates for Low- and Moderate-income households: induction cooktops, clothes dryers, electrical upgrades
ELECTRIC VEHICLES, NEW AND USED:
- New EVs Credit: Up to a $7,500 credit for electric vehicles. Must be a qualifying vehicle
- Used EVs Credit: Up to $4,000 or 30% of the vehicle’s sale price (whichever is lower)
- EV Charger Credit: Up to $1000 or 30% of the cost (whichever is lower)
Some authorized car dealerships may offer a point of sale discount in exchange for your tax credit. Reports by sellers must be given at the time of sale.
