Electric Panel Upgrade Tax Credit

Did you know you can claim your electrical panel upgrade costs on your taxes?

Starting in 2023, you can claim: 30% of project costs and that includes labor!

How to Qualify for this Tax Credit

Any improvement to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders which:

  • Is installed in a manner consistent with the National Electric Code
  • Has a load capacity of 200 amps or more
  • Are installed in conjunction with, and enables the installation and use of:
  • Any qualified energy efficiency improvements
  • Any qualified energy property: heat pump water heater, heat pump, central air conditioner, water heater, furnace or hot water boiler, biomass stove or boiler


But don’t just take our word for it! Visit EnergyStar.gov.