Is there a tax credit for upgrading my electrical panel?
Yes. The federal Energy Efficient Home Improvement Credit covers 30% of electrical panel upgrade costs up to $600 when done to support electrification (heat pumps, EV chargers, etc.).
Why would I need an electrical panel upgrade?
Older homes with 100-amp or 150-amp panels may need an upgrade to 200 amps to support heat pumps, EV chargers, induction stoves, and other electric equipment. The panel upgrade itself can qualify for a tax credit.