Changing Sub-panel tax credit per Inflation Reduction Act

Forum|Forum|3 years ago
December 21, 2022
2 replies
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I will be installing heat pump in 2023. As part of the heat pump change, I may need to change my sub-panel (not main panel). The current sub-panel is 100A, and it will be replaced with a new sub-panel which is again 100A.

Questions
1. I want to know, whether this sub-panel change will have tax credits, when I do along with heat-pump?

2. How much tax credit will i have for a sub-panel change? Will it be 30% of all costs (or) will it be only $600 max?

Thanks!

Anonymous_

Level 15

@TomD8

YoyoguyAuthor

Level 3

                    ``(D) Any improvement to, or replacement of, a 
                panelboard, sub-panelboard, branch circuits, or feeders 
                which--
                          ``(i) is installed in a manner consistent with 
                      the National Electric Code,
                          ``(ii) has a load capacity of not less than 
                      200 amps,
                          ``(iii) is installed in conjunction with--
                                    ``(I) any qualified energy 
                                efficiency improvements, or
                                    ``(II) any qualified energy property 
                                described in subparagraphs (A) through 
                                (C) for which a credit is allowed under 
                                this section for expenditures with 
                                respect to such property, and
                          ``(iv) enables the installation and use of any 
                      property described in subclause (I) or (II) of 
                      clause (iii).