02/07/2024
🔴 Several states could start cutting checks to Americans this summer. No, actually, as part of the Biden Administration’s, Inflation Reduction Act, recently signed into Law; checks of up to $14,000, with an additional $7,500 Tax Credit for families and individuals could be on the way.
Here’s why:
Energy-efficient rebate programs are going into effect as part of the Inflation Reduction Act.
They’ll help trim costs on upgrades to insulation, electric heat pumps or stoves, ventilation, and much more.
What it means for you:
Both homeowners and renters could qualify for the rebates—and then see cheaper energy bills. Interested? Check if your state has launched their rebate program1—some could offset upgrade costs by as much as $14,000 if you qualify for the full amount.
While you’re at it, see if you also qualify for an additional tax credit, which could save you $7,500.
Home Energy Rebates for electrical and appliance upgrades are coming. Check the status of your state's program.
