Leatherstocking Natural Gas Expo

Federal Tax Credits up to $3200

In August of 2022, the Inflation Reduction Act (IRA) was signed into law. As part of that legislation, multiple tax credits are available to homeowners up to $3200, or up to 30% of the sum of qualified expenses with limits beginning in 2023-2033. Credits can be applied for in years that qualified improvements are made and are not limited to one-time use. Commercial property owners and contractors may also be eligible for various tax credits.

Federal Tax Credits for Energy Efficiency

FAQ IRS Tax Credits

Leatherstocking Gas makes no representations as to accuracy of the IRS tax credit program. The contents below are provided for general informational purposes only. Consult with your tax professional, your contractor, or with the IRS for any questions you may have. A tax credit is an offset to taxes owed and is not refundable.

Rebates up to $1600 for qualifying equipment



• $1000 rebate for qualifying heating equipment: Furnace AFUE ≥ w/ECM, Water Boiler AFUE ≥ 90, Steam Boiler AFUE ≥ 82
• $400 rebate for qualifying water heaters: Tankless or commercial (100 gal or more), minimum EF of .082
• $200 rebate for other water heaters, boiler controls: 40 gal or larger storage tank, minimum EF of .067, Boiler reset controls