Federal Tax Credits

Due to the One Big Beautiful Bill Act of 2025, federal energy tax credits have been accelerated to expire for any work completed after Dec. 31, 2025. With the Energy Efficient Home Improvement Credit, you can claim 30% of the total cost for qualifying upgrades, up to a maximum of $3,200 annually. These upgrades may include installing new exterior doors, windows, insulation, and HVAC equipment. Check the Energy Star and IRS websites for a list of qualifying expenses and be sure to consult your tax advisor for additional information. You can claim the energy efficient home improvement credit by filing IRS Form 5695 with your tax return.

Rebates

Boone Power members may also qualify for energy efficiency rebates offered through our wholesale power provider’s POWER MOVES^® program. If you installed any of the items listed below in 2025, be sure to check our website, boonepower.com/rebates, or call us at 800-897-7362 to see if you’re eligible for a rebate. For equipment installed in 2025, rebate applications must be submitted online or postmarked by Feb. 28. These rebates remain in effect for 2026. Rebate applications for equipment installed and operational in 2026 must be submitted by end of February 2027.

Wi-Fi Thermostat: Select approved models; must be replacing a non-Wi-Fi thermostat; rebate maximum: $75

Air Source Heat Pump: rebate amounts range from $250 to $1,800

Geothermal Heat Pump: rebate amounts range from $250 to $2,000

Dual Fuel Heat Pump – Split System (Ducted): $500

Heat Pump Water Heater: $800