The Inflation Reduction Act of 2022 brought changes to the Energy Efficient Home Improvement Credit for expenditures made on or after January 1, 2023. Expenditures made in 2022 fall under rules previously in place for residential energy credits.
In addition to the enhanced Energy Efficient Home Improvement Credit for 2023, the Act also expanded the Residential Clean Energy Property Credit. The credit is generally limited to qualified expenditures made for property placed in service beginning in 2022 through 2032.
This Fact Sheet offers more information and detail on each credit including eligibility requirements.