Rich homeowners get billions in energy tax credits
Residential energy credits, by size of adjusted gross income in 2023
Residential energy tax credits for 2023
Table with 5 columns and 10 rows.
Income bracket
% of all tax returns
Tax credits
% of tax credits
Average credit
Under $1
1.1%
$331K
0.0%
$334
$334
$1 under $10k
9.3%
$1.2M
0.0%
$338
$338
$10k under $25k
16.2%
$30M
0.4%
$455
$455
$25k under $50k
23.4%
$525M
6.3%
$1,141
$1,141
$50k under $75k
15.6%
$1.1B
12.9%
$1,783
$1,783
$75k under $100k
10.0%
$1.2B
14.6%
$2,243
$2,243
$100k under $200k
17.2%
$3.3B
39.7%
$2,662
$2,662
$200k under $500k
6.2%
$1.8B
21.5%
$3,248
$3,248
$500k under $1M
0.8%
$291M
3.5%
$4,047
$4,047
$1M or more
0.2%
$99M
1.2%
$5,824
$5,824