Biden’s inflation law offers up to $14,000 for home upgrades. Here’s how to qualify – By Aimee Picchi (Moneywatch) / Sept 9, 2022
President Biden’s Inflation Reduction Act takes on climate change by helping Americans reduce their carbon footprint. A key element in that push is offering up to $14,000 in rebates and tax credits for people to make their homes more energy-efficient.
Those benefits can be used to lower the cost of home upgrades, ranging from installing heat pumps to buying new electric appliances like stoves and dryers. About 40% of carbon emissions stems from buildings, so such incentives could help the U.S. achieve its goal of lowering fossil-fuel emissions, said Lauren Urbanek, senior energy policy advocate at the nonprofit Natural Resources Defense League.
“This gives people some very concrete and generous incentives to do that, both in the form of tax credits and direct cash rebates,” Urbanek told CBS MoneyWatch. “This is the biggest federal investment in buildings ever, at least one that is specified for climate change.”
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