Free State Webinar to Inform About Energy Tax Credits

STATE COLLEGE PA – A free webinar, open to the public, is intended to help Pennsylvania property owners understand and possibly qualify for federal Inflation Reduction Act tax incentives on energy-efficient home improvements. It’s scheduled for March 16 (Thursday) from noon to 1 p.m.

The online seminar is being conducted by Penn State Extension. Advanced registration is required. Those who register but are unable to attend will receive a recording of the webinar. Registrations are being accepted online.

The act’s incentives “are designed to encourage homeowners to make their homes more energy-efficient,” the Extension office said. Its credit on their federal income tax return, of up to 30 percent of the cost of specific improvements, can offset those expenses. It also can “reduce energy consumption and lower utility bills,” it added.

Qualifying improvements may include windows, doors, energy audits, and heat pumps. Extension educators will provide information based on guidance from the IRS about what might qualify, and the various stipulations. They also will review a sample electric bill to demonstrate what its different numbers and charges mean.

Also available for discussion during the webinar are heat pumps, a focus of the tax credits, and how they function. An electrical contractor will be on hand to give general advice and answer questions about upgrading credit-eligible electrical. Those with questions about the webinar can send an e-mail to Dr. Joseph C. Conklin at juc50@psu.edu.

Photo by Kelly Sikkema on Unsplash, used under license