Your home renovation era has arrived, now that the U.S. government is giving people money to modernize their spaces and cut down their energy bills.
Sounds too magical to be true? It’s not a dream — just the Inflation Reduction Act, a 2022 law designed to protect your health, safeguard your property, prevent natural disasters, and improve your finances.
Just two years old, the IRA is the nation’s largest investment ever in tackling the toxic environmental pollution responsible for extreme heat, record flooding, increased illness risk, infrastructure damage, and more. Reduce dirty energy’s harmful pollution and add to your bank account by prioritizing key cost-cutting renovations that also align with the IRA’s tax credits and available rebates.
For example, ditch your unhealthy gas stove and go for a cleaner and more convenient induction cooktop. Minimize your reliance on an outage-prone power grid by installing rooftop solar panels. Want rewards that just keep giving? Upgrade to a heat pump water heater to enjoy massive savings on annual utility bills.
Additional home upgrade options include leveling up appliances (go ahead, lose the clunky clothes dryer) and exploring energy-efficient system replacements for insulation, air conditioning, and ventilation. Headed out the door? Through the IRA, anyone who purchases a new or used electric vehicle can score tax breaks — up to $7,500 and $4,000, respectively.
According to the U.S. Department of Energy’s website, “all…
