Americans are paying higher energy bills after “natural” gas prices hit a 14-year high last year. New tax breaks can help us #MakeTheSwitch to cleaner, more affordable all-electric appliances!
Electrification tax credits and rebates are available for:
Stove
Up to $840 for an all-electric induction stove, which is safer and more responsive than a gas stove!
Heat Pump
Up to $8,000 for a heat pump, which doubles as a furnace AND air conditioner. Heat pumps are 3-5 times more energy efficient than furnaces that burn fossil fuels.
Car
Up to $7,500 for a new electric vehicle, or $4,000 for a used one.
Solar Panel
Up to 30% of the cost of installing rooftop solar, which lowers monthly energy bills!
Clothes Dryer
Up to $840 for a heat pump clothes dryer, which are more efficient than traditional models and don't require venting outside.
Fuse Box
Up to $4,000 for a new electrical panel, which can be necessary for upgrading to more efficient electric appliances.
Battery
Up to 30% of the costs of installing a home battery system, which lets you store power from solar panels and provides resilience during power outages.
Geothermal Pump
Up to 30% of the costs of a ground-source heat pump, which uses the stable temperatures underground to heat and cool your home.
Weatherization
Up to $1,600 for adding insulation and new windows, which help keep your home comfortable and cut down on energy bills.
“This year’s energy crisis is going to look mild once next year’s kicks in… where this winter is a problem, next year may be a catastrophe” -Time, 10/31/22
Gas also worsens the climate crisis and pollutes the air inside your home:
“Gas stove pollution causes 12.7% of childhood asthma, study finds” -Washington Post, 1/6/23
But there are new tax breaks through the Inflation Reduction Act to help you upgrade to cleaner, safer electric appliances:
“This new law is like a free ‘$8,000 bank account’ for remodeling your home — here’s how to take advantage of it” -MSN, 2/6/23
SIGN UP. STAY IN THE KNOW
Electric technology is advancing fast. Stay updated on how to make the switch:
Make sure your friends, family and neighbors know they can save money by switching to electric.
