In August, President Biden signed the biggest climate law in U.S. history–the Inflation Reduction Act (IRA). Incentives in this law will make electrifying and decarbonizing your household a lot cheaper. REWIRING AMERICA has created a savings calculator which shows how you can use the new climate law to electrify, shift to clean energy, and make your home more energy-efficient. (This action will take less than 5 minutes!)
Use Savings Calculator to find your clean energy incentives!USE CALCULATOR
Why this action is important: The IRA’s provisions are aimed at speeding the U.S. clean energy transition, lowering household energy costs, saving lives, and creating good-paying jobs. Starting in 2023, Americans will be eligible for many new incentives for electric appliances, energy-saving products, and more. Some incentives benefit renters, and some are available now. To use the incentives, which will save you money, lower your carbon footprint, and improve your health and comfort, you have to know about them!
Brian Lips – DSIREinsight 8/29/22
The Inflation Reduction Act represents the largest ever investment by the federal government in renewable energy, energy efficiency, and EVs. This article focuses on the provisions of the bill that target the residential sector. The many incentives for homeowners in the Inflation Reduction Act includes a variety of tax credits that can help homeowners decarbonize, electrify, and save money, as shown in the table below. (Additional incentive programs will also be made available through state energy offices using targeted appropriations from the bill.) To learn more, click on the button for a link to the full article.READ FULL ARTICLE
Rewiring America has been at the forefront of developing tools and information on the Inflation Reduction Act’s provisions and how to use them to decarbonize and electrify. Here they are:
Rewiring America Savings Calculator
This tool is designed to let you fill in some information and calculate which provisions of the IRA apply to you and how you can save money to decarbonize.
Go Electric! Guide to the IRA. Everything you need to know to start your IRA-supported electric journey including case studies and a personal plan page.
Electric Potential maps and fact sheets for your state and congressional district. Enter your location to learn the IRA community and household benefits as well as updated energy bill savings estimates based on current fuel prices to help you understand how much your community stands to benefit from electrification.
Rewiring America’s IRA Disadvantaged Communities Provisions Report explains the $60 billion of investments for disadvantaged communities in the IRA.
A podcast and transcript on the historic passage of the climate policies in the Inflation Reduction Act, giving a little history and context to help understand the significance. By David Roberts, August 12, 2022.