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Level 3
posted Dec 21, 2022 12:41:46 PM

Changing Sub-panel tax credit per Inflation Reduction Act

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!

0 2 421
2 Replies
Level 15
Dec 21, 2022 3:21:29 PM

@TomD8 

Level 3
Dec 23, 2022 3:13:23 PM

?

 

 

 ``(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).