The Inflation Reduction Act: Indiana Energy Savings Guide

EV Charger Tax Credit, The Alternative Fuel Vehicle Refueling Property Credit (section 30C) allows taxpayers to claim up to $1000 for home EV chargers including installation cost.

Residential Clean Energy Tax Credit, Receive up to 30% of costs of residential solar panels, solar water heaters, wind turbines, geothermal heat pumps, fuel cells, and battery storage systems. The 30% tax credit is not limited by household income, has no annual or lifetime dollar limit, can be claimed each year qualifying items are installed, and can be carried over to future tax years (will decrease your tax liability each year until full credit is applied).(Form 5695)

Commercial Clean Vehicle Tax Credit, Businesses and tax-exempt organizations can qualify for a maximum $7500 credit for qualified vehicles with no limit to the number of credits claimed.

Elective Pay or “Direct Pay” FAQ, Tax-exempt organizations, states, Indian tribal governments, and local governments can qualify for direct payment of energy credits (48, Form 3468), commercial clean vehicle credit (45W), and more. (This guidance is currently up for comment, but stay tuned and plan accordingly to save the most money)

Elective Pay or “Direct Pay” FAQ, Tax-exempt organizations, states, Indian tribal governments, and local governments can qualify for direct payment of energy credits (48, Form 3468), commercial clean vehicle credit (45W), and more. (This guidance is currently up for comment, but stay tuned and plan accordingly to save the most money)

Commercial Clean Vehicle Tax Credit, Businesses and tax-exempt organizations can qualify for a maximum $7500 credit for qualified vehicles with no limit to the number of credits claimed.

DOE’s Energy Savings Guide for Homeowners, Need a list of appliances available or home improvement projects? Explore the tax credits and rebates available for appliances and home improvement projects with links to tax forms provided by the US Department of Energy

DOE Energy Savings Guide for Renters, Need some DIY tips and explore the latest on appliance and home improvement savings available to renters? Explore this information with the Department of Energy's interactive guide.

Business EV Charger Tax Credit, Businesses meeting prevailing wage and apprenticeship requirements may be eligible for a 30% credit with a $100,000 limit. Depreciation limits apply *The linked page has both personal and business related EV charger credit information, read carefully.

EV Tax Credit Transfer Guidance, Beginning in 2024, buyers will be able to transfer clean vehicle credits to dealers at the time of sale, and use the credit amount as a down payment at time of sale. To participate, dealers will need to register with the IRS in the future. Look for details on transfer of credit rules later in 2023.

Qualifying Clean Vehicles, Explore the qualifying EV tax credit vehicles and the credit amount. Credit amounts are determined by manufacturing requirements.

Renew America’s Nonprofits Grant Opportunity, Explore how your nonprofit can receive grant funding to make energy efficiency improvements at your facility.

Climate Program Portal, Discover other grant funding opportunities to lower your emissions and utility costs

Clean Vehicle Tax Credit (EV), Earn up to a $7500 tax credit on qualifying vehicles depending on household income and vehicle type. (Form 8936)

Energy Efficient Home Improvement Tax Credit, You may qualify for a credit up to $3200 for window improvements, heat pumps, efficient air conditioners, or home energy audits.

Energy Star Appliances, Appliances that are energy efficiency approved for tax credits and future rebate opportunities

Energy Efficient Home Improvement Credit IRS FAQ, Have questions about the energy efficient home improvement credit? In this document, the IRS covers questions about qualifying items, labor costs, timing of credit, efficiency requirements, and qualifying residences. Review this document before making a home improvement plan.

Hoosiers For Community Solar, Advocate for community solar to get access to solar projects in your community without owning a home

AES Energy Efficiency Program, Take advantage of your AES’s energy efficiency program for discounted items and services for your home or business to lower your bills

CenterPoint’s Energy Efficiency Program, Take advantage of your CenterPoint’s energy efficiency program for discounted items and services, such as energy audits, for your home or business to lower your bills

Duke’s Energy Efficiency Program, Take advantage of your Duke’s energy efficiency program for discounted items and services, such as energy audits, for your home to lower your bills

Duke’s Energy Efficiency Business Program, Take advantage of your Duke’s energy efficiency program for discounted items and services, such as energy audits, for your business to lower your bills

IMPA’s Energy Efficiency Program, Take advantage of your Indiana Municipal Power Agency’s (IMPA) energy efficiency program for discounted items and services, such as energy audits, for your home or business to lower your bills

Indiana Michigan (I&M)’s Energy Efficiency Program, Take advantage of your Indiana Michigan's (I&M) energy efficiency program for discounted items and services, such as energy audits, for your home or business to lower your bills

NIPSCO’s Energy Efficiency Program, Take advantage of your NIPSCO's energy efficiency program for discounted items and services, such as energy audits, for your home or business to lower your bills

Wabash Valley’s Energy Efficiency Program, Take advantage of your Wabash Valley's energy efficiency program for discounted items and services, such as energy audits, for your home or business to lower your bills

Builders of Energy-Efficient Homes Credit, Builders who construct or reconstruct energy efficient homes qualify for a $5000 credit for single-family and $1000 per unit for multi-family homes. A $5000 credit per unit is available to builders who meet prevailing wage requirements with multi-family homes. (Form 8908)

Energy Efficient Commercial Building Deduction, Provides businesses with significant tax deductions for the construction of buildings that are fitted with energy-efficient improvements including apartment buildings above three stories. Buildings must reduce energy costs by 25% according to ASHRAE standards.

Home Energy Rebate Programs Guidance, States must decline funding by 8/16/24 and submit applications by 1/25/25. This rebate program will provide rebates to cover electrification and home efficiency upgrades.

EV Funding Finder, Nonprofits, businesses, states, non-profits, schools, shippers, and individuals can explore the Electrification Coalition's EV funding finder to find more than tax credits to fund the EV transition

EV Funding Finder, Schools can explore the Electrification Coalition's EV funding finder to find more than tax credits to fund the EV transition and lower operating costs

Commercial Clean Vehicle Tax Credit, Tax-exempt organizations, including schools, meeting qualifying manufacturing requirements, may be eligible for a 30% credit with a $7500 limit for vehicles under 14,000 lbs. and a $40,000 limit for vehicles over 14,000 lbs.

EV Charger Tax Credit (Schools), Schools meeting prevailing wage and apprenticeship requirements may be eligible for a 30% credit with a $100,000 limit. *The linked page has both personal and business related EV charger credit information, read carefully. - Credit eligible for elective pay

Clean Energy Tax Credits (Schools), The Clean Electricity Investment Tax Credit (ITC) and Clean Electricity Production Credit (PTC) are eligible for elective pay and include clean energy projects such as solar, wind, and storage. From 2023-2032, ITC projects receive a base of 30% with additional bonuses for domestic manufacturing (+10%), low-income communities (+20%), and energy communities (+10%). Subject to change based on guidance from the U.S. Treasury Department

Clean Energy Tax Credits (Nonprofits), The Clean Electricity Investment Tax Credit (ITC) and Clean Electricity Production Credit (PTC) are eligible for elective pay and include clean energy projects such as solar, wind, and storage. From 2023-2032, ITC projects receive a base of 30% with additional bonuses for domestic manufacturing (+10%), low-income communities (+20%), and energy communities (+10%). Subject to change based on guidance from the U.S. Treasury Department

Clean Energy Tax Credits (Local Governments), The Clean Electricity Investment Tax Credit (ITC) and Clean Electricity Production Credit (PTC) are eligible for elective pay and include clean energy projects such as solar, wind, and storage. From 2023-2032, ITC projects receive a base of 30% with additional bonuses for domestic manufacturing (+10%), low-income communities (+20%), and energy communities (+10%). Subject to change based on guidance from the U.S. Treasury Department

ECI’s Thriving Schools Challenge, Selected schools will be eligible for up to $5,000 in funding to implement up to 3 new projects, as well as to improve upon or expand existing projects.The dedicated teachers and staff who champion the implementation of new projects at selected schools will receive a stipend of up to $1,000 with no strings attached. Projects must be within the 3 Pillars of the ITSC program: School Gardens; Energy & Waste Reduction; Climate & Sustainability Curriculum Creation.

Renew America’s Schools Grant, Open to public K-12 schools aiming to lower energy costs and improve school safety and air quality. Eligible projects include HVAC systems, ventilation systems, lighting, renewable energy projects, electric school buses, electric bus charging stations​. Applications open Spring 2024

EPA Clean School Bus Grant Program, U.S. Environmental Protection Agency has $400 million to award schools to replace existing buses with zero-emission or low-emission buses through this grant program.

Clean School Bus Program Rebates, Applications are OPEN until 1/10/24. Rebates will directly fund the transition of smaller fleets to zero and low emission school buses. Selection process is a lottery system. Selectees will then submit purchase orders to request payment and then receive payment, which is followed by new bus delivery, existing bus replacement, and project close out.

Industrial Assessment Center Free Commercial Building Energy Audits, The Industrial Assessment Center (IAC) at IUPUI is a program funded by the Department of Energy (DOE) to provide energy assessments for qualified buildings free of charge. For each audit, our audit team, led by a certified auditor, will identify opportunities to make your building more energy efficient, which will be detailed in a comprehensive report.