Electrical Panel

25C provides households a 30 percent tax credit for an electrical panel upgrade, capped at $600 per year, if it’s upgraded in conjunction with another upgrade covered by 25C (like a heat pump or heat pump water heater). The credit resets each tax year, effectively becoming available again for additional projects.

Total 25C tax credits across panel upgrades and all weatherization projects are capped at $1,200 per year. Heat pumps and heat pump water heaters are subject to a separate 25C cap of $2,000 per year.

The tax credits for an electrical panel upgrade can only be claimed if the panel is upgraded in conjunction with another upgrade covered by 25C or 25D. In the case where both 25C and 25D are applicable for a panel upgrade (i.e., if you’re upgrading your panel in conjunction with both a heat pump and rooftop solar), you cannot combine the two credits. You will pick the credit with the greater value—either $600 or the 30% tax credit.