The job market is kind of a mess right now. Everywhere you look, companies are “hiring” but it seems like no one can get a job. However, the Energy Efficient Home Improvement Tax Credit (also known as the 25C tax credit) is doing more than helping homeowners save money on energy upgrades A recent report from Rewiring America discusses how this federal incentive is boosting demand for energy-efficient home improvements, which in turn is driving significant job creation in manufacturing, installation, distribution, and local small businesses.
In our current economy, this is huge news. When homeowners claim the 25C tax credit for things like better insulation, energy-efficient windows and doors, or updated heating and cooling systems, they save on their taxes (up to $880 on average in 2023, according to the U.S. Treasury). But those savings are just the start.
