WhatExit?
Well-Known Inmate #'s 2584 & 20161
- Joined
- Jul 19, 2017
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I and I'm sure you would like to make friends with the IRA 
You know, the IRA also known as another way to spend the US into oblivion, also known as the "Inflation Reduction Act" but the question is How do we do that? That's what I want to know because I'll take every dollar back I can get.
"If a homeowner took advantage of all the new rebates in the Inflation Reduction Act, which range from new electrical panels to heat pumps, they could save up to $14,000 all while making their home more energy efficient and lowering their energy bill for years to come. That also doesn't include the solar tax credit, which was expanded from 26% of the total cost to 30% and can lock in even more energy savings."
The IRA offers rebates for new technology and for sealing and insulating a home. Within a certain income bracket, you can get $8,000 back for a heat pump, $1,750 for a heat pump water heater and $840 for an electric range or oven and electric heat pump clothes dryer. Because adding hefty electrical appliances might overwhelm an older home's electrical infrastructure, the bill also offers $4,000 for upgrading an electrical panel and up to $2,500 for wiring work. You can also get back up to $1,600 of the cost of insulation or air duct sealing, which will improve the efficiency of your heating and cooling system.
Households pulling in 80% to 150% of an area's median income can get back 50% of the cost of these projects, up to the limits for individual items and up to $14,000 total. Households making below 80% of the median income can get back 100% of the cost.
The IRA also creates tax credits for 30% of the cost of energy-efficiency improvements, including new windows ($600), doors ($500) and heat pumps ($2,000). Homeowners can claim up to $1,200 per year back on their taxes. Credits for efficiency decrease on the same schedule as solar.
The rebate program will be administered by the states, so the specifics of applying for and receiving rebates may vary. Most of the rebates and tax credits will be available starting in 2023.
www.cnet.com
Still, I need to figure out how to get some of that $$$
Like upgrading my electrical panel (and adding an automatic transfer switch for a generator, etc.)
You know, the IRA also known as another way to spend the US into oblivion, also known as the "Inflation Reduction Act" but the question is How do we do that? That's what I want to know because I'll take every dollar back I can get.
Here's How You Can Get Up to $14,000 For Home Renovations
The government will soon start reimbursing you for energy efficiency home improvements, saving you money now and later."If a homeowner took advantage of all the new rebates in the Inflation Reduction Act, which range from new electrical panels to heat pumps, they could save up to $14,000 all while making their home more energy efficient and lowering their energy bill for years to come. That also doesn't include the solar tax credit, which was expanded from 26% of the total cost to 30% and can lock in even more energy savings."
The IRA offers rebates for new technology and for sealing and insulating a home. Within a certain income bracket, you can get $8,000 back for a heat pump, $1,750 for a heat pump water heater and $840 for an electric range or oven and electric heat pump clothes dryer. Because adding hefty electrical appliances might overwhelm an older home's electrical infrastructure, the bill also offers $4,000 for upgrading an electrical panel and up to $2,500 for wiring work. You can also get back up to $1,600 of the cost of insulation or air duct sealing, which will improve the efficiency of your heating and cooling system.
Households pulling in 80% to 150% of an area's median income can get back 50% of the cost of these projects, up to the limits for individual items and up to $14,000 total. Households making below 80% of the median income can get back 100% of the cost.
The IRA also creates tax credits for 30% of the cost of energy-efficiency improvements, including new windows ($600), doors ($500) and heat pumps ($2,000). Homeowners can claim up to $1,200 per year back on their taxes. Credits for efficiency decrease on the same schedule as solar.
The rebate program will be administered by the states, so the specifics of applying for and receiving rebates may vary. Most of the rebates and tax credits will be available starting in 2023.
Here's How You Can Get Up to $14,000 For Home Renovations
The government will soon start reimbursing you for energy efficiency home improvements, saving you money now and later.
www.cnet.com
Still, I need to figure out how to get some of that $$$
Like upgrading my electrical panel (and adding an automatic transfer switch for a generator, etc.)
