New White House Website Explains How You Can Save on Energy Costs
To help Americans take advantage of savings from the recently passed Inflation Reduction Act, the White House has launched the Clean Energy for All webpage.
Consumers and small businesses can visit the page to learn how the act can provide utility bill savings and discounts on electric vehicles and appliances.
The White House outlines areas of a typical home, along with upgrades, that can help Americans benefit from the Inflation Reduction Act. Examples include solar panels on your rooftop, an electric heat pump clothes dryer in your laundry room, and weatherized windows and doors throughout the home.
One upgrade that the webpage and Biden administration emphasize is how electric cars could benefit your wallet and the planet.
The Inflation Reduction Act also has an impact on Medicare prescription drug prices. Here's what you need to know about the overhaul.
The Clean Energy for All webpage lays out common scenarios in which you can improve your home and obtain tax credits or rebates. To better understand what incentives you may receive, you can select when you intend to make the changes to your home.
If you’re curious how a tax credit may work for your family, the White House has outlined a few scenarios for different groups of people, such as single renters and homeowners with families. If the information you seek isn’t on the webpage, you can sign up for email updates on all tax credits and rebates.
If you intend to add any new appliances, electric vehicles or energy upgrades to your home, check out the website before you get started. Some buyers could save up to $10,000 or more using the provided rebates.
Michael Archambault is a senior writer for The Penny Hoarder specializing in technology.