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Leatherstocking Gas is pleased to offer its current and new customers a rebate of up to $1600 for new, natural gas, energy efficient furnaces and hot water heaters. See form for details.
Federal Tax Credits
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.
https://www.energystar.gov/about/federal_tax_credits/
https://www.irs.gov/pub/taxpros/fs-2022-40.pdf/
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.
