On August 16, 2022 the Inflation Reduction Act (IRA) was signed into law. This new law provides unprecedented funding for tax credits and rebate programs aimed to reduce greenhouse gases (GHG). The IRA is the largest ever climate investment by the Federal Government in American history, projected to reduce GHG by 31-44% below 2005 levels by 2030. The IRA will also bring energy bill relief to U.S. Households by incentivizing the adoption of more effieicnt, all-electric appliances.
The programs with the biggest direct impact on our electrification services will be the High-Efficiency Electric Home Rebate Program (HEEHRP)*, HOMES Rebate Program*, and the extension and enhancement of the 25C tax credit, described below.
Energy Efficient Home Improvement Tax Credit 25C Tax Credit
A 10-year extension and expansion of existing 10% tax credit to 30%
Begins with tax year 2023 (January 1, 2023), claim credit on your 2023 taxes
Up to $600 maximum per item: breaker panel, insulation with maximum of $1,200 tax credit
However, tax credit increases to $2,000 for buying and installing qualified heat pump
The heat pump must meet or exceed the highest performance tier set by the Consortium for Energy Efficiency (CEE).
LaMorte Electric was founded by Brian LaMorte to provide quality electrical and HVAC contracting services to Ithaca, Tompkins County and the surrounding areas. Brian is a highly skilled and licensed electrician in the City of Ithaca. We specialize in everything from electrical repairs, to generator sales/installs, to car charger installs, to furnace and air conditioner sales, installs and repairs.
If you need a licensed Electrical or HVAC contractor then contact us.
LaMorte Electric Heating and Cooling
LaMorte Electric Heating and Cooling is proud to be an Inclusive employer. We support the LGBTQ+ community!
LaMorte Electric Heating and Cooling is proud to be a Tompkins County Living Wage Employer.
LaMorte Electric Heating and Cooling is proud to be listed on the Sustainable Finger Lakes map. We are proud to be a part of their regional sustainability movement.
LaMorte Electric Heating and Cooling is proud to be a NYSERDA qualified air source heat pump installer.
LaMorte Electric Heating and Cooling is proud to be an Elite Mitsubishi Electric Diamond Contractor.
Lamorte Electric - 607-229-4576 1570 Danby Road, Ithaca NY 14850