Article Summary –
The Inflation Reduction Act offers a rebate for energy-efficient home upgrades, which could return up to $14,000 to taxpayers. Energy Star’s certified products, such as heat pumps, eco-friendly washers and dryers, and certain weatherizing features are eligible for tax credits under the IRA. While the upfront cost of these upgrades might seem high, in the long run, transitioning to electric appliances can save money, improve health, and reduce environmental impact.
Capitalizing on the Inflation Reduction Act
The Inflation Reduction Act provides compelling rebate opportunities. With energy-efficient electrical upgrades, you could save up to $14,000.
Eligible Home Upgrade Rebates
Energy Star lists many products eligible for IRA tax credits. These include heat pumps, heat pump water heaters, and specific weatherizing features like attic insulation. Other qualifying appliances include eco-friendly washers and dryers, stoves, and ovens.
Why the IRA Rebates Matter
Going electric improves health, decreases bills, and helps the environment. Energy-efficient appliances can reduce pollution, which impacts our health. For instance, gas stoves have been linked to increased asthma risk. While initiating these upgrades might seem costly, over time, they can save you thousands.
Energy Star suggests stretching out your home’s electrification for maximum benefit.
How to Start With the IRA Rebates
Maximizing the benefits of the IRA is simpler than you think. Rewiring America offers free tools, including a savings calculator, to help homeowners and renters identify the best incentives. They also connect consumers with trusted contractors for a smooth and affordable transition.
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