Energy Resources
Last Content Update:
Below find information on many energy resources.
Learn more about the Inflation Reduction Act and how it and other legislation can help you save money on energy bills through rebates, tax credits, grants, and other energy assistance programs. The objectives of this funding are to reduce the State’s greenhouse gas emissions and energy costs for consumers. The Inflation Reduction Act is expected to save American households up to $1,000 per year on their energy bills and put the U.S. on track to reduce emissions by 40 percent in eight years.
Highlights from the Inflation Reduction Act:
- The Energy Efficient Home Improvement Credit (Section 25C): The Inflation Reduction Act allows consumers to claim a credit for up to 30 percent of the cost of qualified energy efficiency improvements, including up to $2,000 for biomass stoves and boilers, and expands the credit to cover home energy audits.
- The Home Owner Managing Energy Savings (HOMES) Rebate Program: The Inflation Reduction Act provides rebates—discount deducted during purchase—beginning in 2023 for homeowners who retrofit with efficiency upgrades.
The Infrastructure Investment and Jobs Act (IIJA) is intended to transform funding to support weatherization and clean energy projects across New Hampshire this year. Moreover, Congress has made historic investments in the Low Income Home Energy Assistance Program (LIHEAP), which provides financial assistance to low-income households struggling to afford their energy bills. As a result of this effort, New Hampshire received more than $94 million in LIHEAP funding in fiscal years 2021 and 2022, nearly double what the state received in the previous two years.
Inflation Reduction Act of 2022 - What it Means for You
Visit the Energy.gov website to learn about the Inflation Reduction Act (IRA) of 2022 and what the IRA will do by 2030.
Inflation Reduction Act Savings Calculator
This tool provides personalized incentives, including upfront discounts, available tax credits, and estimated bill savings per year.
The High-Efficiency Electric Home Rebate (HEEHRA)
The Inflation Reduction Act provides $4.5 billion in direct rebates—discount deducted during purchase—beginning in 2023 for low- and moderate-income consumers who install new, efficient electric appliances.
How much you can save:
- Low-income households are eligible for 100 percent of electrification project costs up to $14,000.
- Moderate-income households are eligible for 50 percent of costs up to $14,000.
- The program extends rebates to multifamily buildings in which at least 50 percent of residents are low- or moderate-income.
Qualifying Appliances: The program covers heat pump HVAC systems, heat pump water heaters, electric stoves and cooktops, heat pump clothes dryers, and enabling measures such as upgrading circuit panels, insulation, air sealing, ventilation, and wiring. Project costs cover both purchase and installation costs.
The Home Owner Managing Energy Savings (HOMES) Rebate Program
The Inflation Reduction Act provides rebates—discount deducted during purchase—beginning in 2023 for homeowners who retrofit with efficiency upgrades.
How much you can save:
- Low- and moderate-income homeowners may claim up to $4,000 of the project cost for energy savings of at least 20 percent or up to $8,000 for energy savings of at least 35 percent.
- Other homeowners may claim up to $2,000 per multifamily building with energy savings of at least 20 percent or up to $4,000 per multifamily building with energy savings of at least 35 percent.
- The program extends rebates to multifamily buildings in which at least 50 percent of residents are low- or moderate-income.
Qualifying Upgrades: The projects eligible for the rebate are based on actual energy performance savings. The rebate includes costs associated with work performed and the equipment needed to install upgrades, such as insulation or HVAC installations.
Consumers can save more than $1,000 per year by taking advantage of these energy efficiency incentives.
Calculate how much you could save and sign up for updates and find out which programs are available to you.
The Residential Clean Energy Credit (Section 25D)
The Inflation Reduction Act expands an existing tax credit allowing consumers to claim a credit for up to 30 percent of the costs of residential energy-efficient property, such as the installation of solar. The credit is retroactive to the beginning of 2022.
How much you can save?
- The credit is for up to 30 percent of project costs and can be claimed in the year that the project is finished.
Qualifying Projects: Clean energy projects eligible for the credit include solar electric projects, solar water heating projects, fuel cell projects, small wind energy projects, geothermal heat pump projects, biomass fuel projects, and battery storage (beginning in 2023).
Visit the Solar Energy Technologies Office page on the Office of Energy Efficiency & Renewable Energy website.
The Energy Efficient Home Improvement Credit (Section 25C)
The Inflation Reduction Act allows consumers to claim a credit for up to 30 percent of the cost of qualified energy efficiency improvements and expands the credit to cover home energy audits. The expanded credit is available beginning in 2023.
How much you can save?
- The credit has a total annual cap of up to $1,200 per year, except for heat pumps (cap of up to $2,000).
Qualifying Improvements: The credit applies to heat pumps, energy-efficient windows, energy-efficient exterior doors, insulation, and upgrading breaker boxes to accommodate the additional electric load. Certain improvements must meet applicable Energy Star requirements. Roofing and air-circulating fans will no longer qualify for the credit. The upgrade costs for appliances include equipment, installation, and labor costs.
The Clean Vehicle Credit (Section 30D and 25E)
Consumer tax credit for up to $7,500 for individuals to buy new clean vehicles (Sec. 30D) and up to $4,000 to buy used clean vehicles (Sec. 25E).
Because of the complexity, the exact amount a consumer will receive for a particular vehicle is not yet clear.
- Treasury will issue rules clarifying how much credit consumers can receive for particular electric vehicles purchased.
How much you can save:
The credit is limited to individuals with annual income below:
- New Cars: $300,000 for joint filers, $225,000 for head-of-household filers, $150,000 for single filers;
- Used Cars: $150,000 for joint filers, $112,500 for heads of household, and $75,000 for single filers.
Qualifying Vehicles:
- New Vehicles: Individuals with a contract to purchase an electric vehicle signed prior to August 16, 2022, may claim a credit based on the rules that were in effect prior to the enactment of the Inflation Reduction Act.
- Starting in 2023, the new vehicle credit is limited to sedans with a manufacturer’s suggested retail price (MSRP) of up to $55,000 and trucks and SUVs with an MSRP of $80,000 or less.
- Used Vehicles: The credit can be used for clean non-commercial vehicles sold for $25,000 or less and older than two years, including electric vehicles and plug-in hybrids.
EV owners typically save between $6,000 and $10,000 in operating and maintenance costs each year compared to gas vehicle owners.
View the list of vehicles that may be currently eligible through December 31, 2022. Visit the U.S. Department of the Treasury website for further details on the credit.
NHSaves Energy Audits and Weatherization
Looking to make your home more energy efficient and more comfortable? The Home Heating Index tool is an easy, online way to determine if your home qualifies for an audit that can ultimately help you earn energy efficiency incentives and rebates as part of NHSaves Audits and Weatherization Program.
Federal Tool for Energy Savings
Save Energy. Save Money. And Save the Planet Too. (Energy.gov website)
The US Department of Energy has created an online tool – the Consumer Energy Savings Hub – to help homeowners, renters, and drivers gain information on the federal energy rebates and tax incentives made available for various appliances, electric vehicles, and home improvements.
Air-Source Heat Pumps (mini-splits)
Heat Pumps Keep Homes Warm and Bills Low this Winter (Energy.gov website)
As of January 1, 2023, households buying an electric heat pump and other high-efficiency equipment can claim a 30% federal tax credit of up to $2,000. In addition to federal tax credits, this guide summarizes other new programs that will make heat pumps even more affordable and accessible to consumers.
Geothermal Heat Pumps
Geothermal Heat Pumps Tax Credit | ENERGY STAR (ENERGY STAR website)
As of January 1, 2023, households buying a geothermal heat pump can claim a federal tax credit of up to 30%.
Making Our Homes More Efficient: Clean Energy Tax Credits for Consumers
Visit the Energy.gov website for a list of equipment types and the updated tax credit available for the 2023-2032 tax years, plus frequently asked questions.
Homeowner's Guide to the Federal Tax Credit for Solar Photovoltaics
This guide provides an overview of the federal investment tax credit for those interested in residential solar photovoltaics.
The High-Efficiency Electric Home Rebate (HEEHRA)
The Inflation Reduction Act provides $4.5 billion in direct rebates—discount deducted during purchase—beginning in 2023 for low- and moderate-income consumers who install new, efficient electric appliances.
How much you can save:
- Low-income households are eligible for 100 percent of electrification project costs up to $14,000.
- Moderate-income households are eligible for 50 percent of costs up to $14,000.
- The program extends rebates to multifamily buildings in which at least 50 percent of residents are low- or moderate-income.
Qualifying Appliances: The program covers heat pump HVAC systems, heat pump water heaters, electric stoves and cooktops, heat pump clothes dryers, and enabling measures such as upgrading circuit panels, insulation, air sealing, ventilation, and wiring. Project costs cover both purchase and installation costs.
The Home Owner Managing Energy Savings (HOMES) Rebate Program
The Inflation Reduction Act provides rebates—discount deducted during purchase—beginning in 2023 for homeowners who retrofit with efficiency upgrades.
How much you can save:
- Low- and moderate-income homeowners may claim up to $4,000 of the project cost for energy savings of at least 20 percent or up to $8,000 for energy savings of at least 35 percent.
- Other homeowners may claim up to $2,000 per multifamily building with energy savings of at least 20 percent or up to $4,000 per multifamily building with energy savings of at least 35 percent.
- The program extends rebates to multifamily buildings in which at least 50 percent of residents are low- or moderate-income.
Qualifying Upgrades: The projects eligible for the rebate are based on actual energy performance savings. The rebate includes costs associated with work performed and the equipment needed to install upgrades, such as insulation or HVAC installations.
Consumers can save more than $1,000 per year by taking advantage of these energy efficiency incentives.
Calculate how much you could save and sign up for updates and find out which programs are available to you.
Low Income Home Energy Assistance Program (LIHEAP)
Provides financial assistance to low-income households struggling to afford their energy bills. New Hampshire received more than $94 million in LIHEAP allocations through the bipartisan infrastructure package, the American Rescue Plan, and Fiscal Years 2021 and 2022 appropriations. Recently enacted legislation to fund the government provides a total of $1 billion in emergency LIHEAP funding for the upcoming winter, in addition to carrying forward regular funding for the program.
Emergency Rental Assistance and Homeowner Assistance Funding
New Hampshire has received over $350 million in rental assistance and $50 million in mortgage assistance funds through the American Rescue Plan Act and other Covid relief packages. These funds help Granite State families not only stay in their homes but can also be used to pay for energy costs and other utility bills. To learn more about this assistance, please visit the New Hampshire Community Action Partnership and New Hampshire Housing websites.
Solar Investment Tax Credit: What Changed? (Energy.gov website)
The Inflation Reduction Act expanded the Federal Tax Credit for Solar Photovoltaics through a provision known as the Investment Tax Credit. Learn about the biggest changes and what they mean for Americans who install rooftop solar.
Homeowner's Guide to the Federal Tax Credit for Solar Photovoltaics (Energy.gov website)
This guide provides an overview of the federal investment tax credit for those interested in residential solar photovoltaics.
Zero Energy Ready Homes Are Coming to a Neighborhood Near You
Principal Deputy Assistant Secretary and Deputy Assistant Secretary for Renewable Power in the Office of Energy Efficiency and Renewable Energy Alejandro Moreno discusses new efforts to help subsidize the construction of Zero Energy Ready Homes.
45L Tax Credits for Zero Energy Ready Homes
Overview of the Department of Energy (DOE) Zero Energy Ready Home Program and how it relates to the New Energy Efficient Home Tax Credit found in section 45L of the Internal Revenue Code.
Federal Solar Tax Credits for Businesses
Read about two solar tax credits available for businesses and other entities, such as nonprofits and local and tribal governments, that purchase solar energy systems.
Database of State Incentives for Renewables and Efficiency Residential Tax Credits
Search for incentives by geography, technology, eligible sector, program type, and more.
Through rebates, tax credits, or financing programs, consumers can find financial incentives and assistance for energy-efficient and renewable energy products and improvements.
Financing Energy-Efficient Homes
Visit the Energy.gov website to learn how you can benefit from energy-efficient financing.
Weatherization Assistance Program (WAP)
Provides funding to enable low-income families to reduce their energy consumption by making their dwellings more energy efficient. Congress provided the highest level of funding for WAP in more than a decade through the Infrastructure Investment and Jobs Act and regular Fiscal Year 2022 appropriations, including a total of more than $20 million for New Hampshire. Learn more by visiting the Weatherization Assistance Program page on the NH Department of Energy website.
Read more about rebates, tax credits, and savings programs by visiting the Energy.gov website, Financing and Incentives.
Utility Provider Assistance
Eversource, Unitil, Liberty Utilities, and NH Electric Co-op each have programs available to help consumers with their bills. Please call your utility directly to learn about additional assistance programs available.
For additional resources on energy efficiency projects in New Hampshire, visit NHSaves to learn more.
Granite Staters struggling to afford utility bills can find resources through their utility provider, New Hampshire Community Action Partnership, or by contacting their elected officials.