IRS messaging:
IRS Publication 5967 (May 2024) outlines the Energy Efficient Home Improvement Credit (25C), which allows taxpayers to claim a 30% tax credit on qualifying energy-efficient home improvements, subject to specific annual limits. This credit is available for tax years 2023 through 2032 and applies to improvements made to existing homes, not new constructions.
Annual Credit Limits:
Up to $2,000 for:
- Heat pumps
- Heat pump water heaters
- Biomass stoves/boilers
Rocky Mountain Power's Wattsmart®️ Business program
Rocky Mountain Power's Wattsmart®️ Business program provides cash incentives to commercial customers in Utah for energy-efficient HVAC and plumbing upgrades. The program encourages the adoption of high-efficiency equipment to reduce energy usage and operating costs.
Incentives are available for:
- High-efficiency HVAC systems (including rooftop units, variable refrigerant flow systems, and chillers)
- Advanced rooftop controls and smart thermostats
- HVAC-related improvements like economizers, demand-controlled ventilation, and duct sealing
- High-efficiency water heaters, heat pump water heaters, and pipe insulation
- Low-flow plumbing fixtures as part of broader energy-saving projects
Incentive amounts vary by equipment type and can reach up to several hundred dollars per unit or system component. Projects may require pre-approval, and all equipment must meet program efficiency standards.
For full participation, customers should verify eligibility, follow application guidelines, and maintain records of installation and performance.
ThermWise®️ Appliance Rebates
ThermWise®️ Appliance Rebates offer cash incentives to Utah residents who install high-efficiency HVAC and plumbing equipment in their homes. The program, available throughout 2025, rewards upgrades that reduce natural gas usage and improve overall energy efficiency.
Rebates are available for:
- High-efficiency furnaces, boilers, and dual-fuel heating systems
- Energy-saving ventilation and combined heating/water heating systems
- Efficient water heaters, including tankless, condensing, hybrid, and solar-assisted models
- Smart water heater controllers and low-flow plumbing enhancements
Rebate amounts vary based on equipment type and efficiency level, with some incentives reaching up to $1,200. All equipment must meet program standards, and rebate applications must be submitted within six months of installation.
