![]() ![]() Rebates include home electrification and appliance rebates that will act as immediate discounts at the point of sale for low- and moderate-income households when making qualifying electrification purchases. That funding is going to save consumers a lot of money on home improvements and electricity bills. On July 27, 2023, the US Department of Energy (DOE) rolled out guidelines for states, territories, and the District of Columbia to apply for their share of $8.5 billion in electrification and energy efficiency rebates provided by the IRA. The folks who are helping us to electrify want to know about the IRA rebates and tax credits, and they seem to genuinely want to help me in turn. (Then I share what I learn with you – that is my job, after all.) ![]() In my electrification journey, I’ve found that I need to do my own research and advocate for myself, as electricians, heat pump installers, and car dealerships are still learning about how the new tax credits and rebates work. We bought a US-made 2023 Volkswagen ID.4 in late 2022, and the Rewiring America calculator confirmed that our car qualified for the full $7,500 tax credit before we completed the purchase. I was able to confirm (and subsequently reconfirm) in seconds that we can claim a 30% tax credit for solar, a 30% tax credit for battery storage installation, and a 30% tax credit, capped at $600, for our electrical panel upgrade. Rewiring America is an electrification nonprofit whose “purpose is to make electrification simple, measurable, and inevitable.” We upgraded to a 200-amp service panel and had rooftop solar and Tesla Powerwalls installed in the fall, so this savings calculator has been, and will continue to be, a valuable tool for us. Check out this easy-to-use IRA savings calculator from Rewiring America that tells you what you get – and when. The Inflation Reduction Act (IRA) is a “free electric bank account with your name on it.” It’s packed with rebates and tax credits that will help Americans purchase everything from EVs to solar and electrical appliances to heat pumps.
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