The Inflation Reduction Act includes rebates or a tax break for qualifying consumers who add energy-efficient heat pumps, rooftop solar, electric HVAC and electric water heaters.
The House voted Friday to pass the Inflation Reduction Act, a spending bill that includes rebates or a tax break for qualifying consumers who add efficient heat pumps, rooftop solar, electric HVAC and electric water heaters.
Homeowners might also qualify for up to $840 to offset the cost of a heat-pump clothes dryer or an electric stove. In a brief on the legislation for the organization Rewiring America, Jamal Lewis and team wrote that new appliances could save households up to $1,800 a year.These savings will be reflected in lower monthly energy bills, reduced bill volatility and a lessening of disproportionately high energy burdens within disadvantaged communities.The program will run through Sept. 30, 2031, and homeowners would be able to collect a maximum of $14,000 in total rebates.
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