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How the Inflation Reduction Act’s Rebates Can Help You Upgrade Your Home
The Inflation Reduction Act (IRA) signed by President Joe Biden in August 2022 promotes cleaner energy-efficient technologies in the U.S. It allocates nearly $400 billion for energy projects including $8.8 billion for home energy rebates, offering up to $8,000 for upgrades now available in New York and seven other states as of mid-July 2024.
These rebates make green technology upgrades more affordable. Many Americans have saved money by installing solar panels and electric vehicles through the IRA. The U.S. Energy Information Administration notes that energy-efficient appliances reduce fossil fuel pollution, combating climate change and improving health. Induction cooktops for example improve indoor air quality by eliminating gas stove fumes, according to the report of The Cool Down.
(photo: CNBC)
Unlock the Power of Energy Efficiency – Boost Your Savings and the Planet
Organizations like Rewiring America help people find eligible rebates based on household size, income, and tax status. Their savings calculator estimates potential savings and suggests contractors simplify the process of adopting green technologies, saving money, and benefiting the environment.
Furthermore, organizations like Rewiring America assist individuals in identifying eligible rebates based on household size, income, and tax status. Their savings calculator estimates potential savings and recommends contractors simplify the process for adopting green technologies. This makes it easier for more people to embrace energy-efficient upgrades, save money, and contribute to a healthier environment by reducing fossil fuel pollution and improving indoor air quality.
