IR-2024-202, Aug. 7, 2024 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued statistics on the Inflation Reduction Act clean energy tax credits for tax year 2023. The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits. Taxpayers have claimed more than $6 billion in credits for residential clean energy investments—which include solar electricity generation, solar water heating and battery storage—and more than $2 billion for energy efficient home improvements — which include heat pumps, efficient air conditioners, insulation, windows and doors — on 2023 tax returns filed and processed through May 23, 2024. Residential and Energy Efficient Home Improvement Credit Credit Number of returns Credit value Residential Clean Energy Credit 1,246,440 Total: $6.3 billion, Average per return: $5,084 Rooftop solar 752,300 Up to 30% of cost Batteries 48,840 Up to 30% of cost Energy Efficient Home Improvement Credit 2,338,430 Total: $2.1 billion, Average per return: $882 Home insulation 669,440 Up to 30% of cost Windows and skylights 694,450 Up to 30% of cost or $600 Central air conditioners 488,050 Up to 30% of cost or $600 Doors 400,070 Up to 30% of cost, $250 per door, or $500 total Heat pumps 267,780 Up to 30% of cost or $2,000 Heat pump water heaters 104,180 Up to 30% of cost or $2,000
