Signed into law on August 16, 2022, the Inflation Reduction Act provides tax benefits and rebates for homeowners who reduce their carbon footprint.
Financial incentives aimed at battling climate change are being offered to consumers who purchase electric vehicles and make clean energy and home efficiency upgrades such as installing solar panels, heat pumps, electric water heaters, and electric cooktops.
For details on what type of improvements are eligible and when to make a purchase in order to qualify for a tax credit or rebate, click here for the full CNBC article.