2024 Tax Credits For Energy Efficiency Projects. Of the $4 billion tax credits, $1.5 billion supports projects in historic energy communities. The energy efficient home improvement credit allows you to claim up to 30% of the cost of eligible expenses, with a total annual cap of $3,200.

Of the $4 billion tax credits, $1.5 billion supports projects in historic energy communities. The inflation reduction act modifies and extends the clean energy investment tax credit to provide up to a 30% credit for qualifying investments in wind, solar, energy storage,.