Inflation Reduction Act (“the IRA”)
According to the US Environmental Protection Agency, “the Inflation Reduction Act of 2022 is the most significant climate legislation in U.S. history, offering funding, programs, and incentives to accelerate the transition to a clean energy economy and will likely drive significant deployment of new clean electricity resources.”
Most provisions of the Inflation Reduction Act became effective on January 1, 2023.
For more information, check out three key resources below. RCEA incentives can often be combined with rebates and tax credits available through the IRA to boost your savings even more. Speak with an RCEA Energy Advisor for more information.
Clean Energy For All
“The Inflation Reduction Act lowers energy costs for consumers and small businesses while creating good-paying jobs as America’s clean energy economy and manufacturing sectors grow. Learn more about how you or your family can save on utility bills, get support to purchase electric vehicles and energy-saving appliances, and access the economic opportunities of the clean energy future” – the White House
How much money can you get with the Inflation Reduction Act?
Visit Rewiring America for a Savings Calculator and answers to Frequently Asked Questions.
The Inflation Reduction Act Guidebook
Available for download or online viewing. This Guidebook includes tables that describe incentives across all technologies and customer types including residential, commercial, tribal, low-income, and more.
https://www.whitehouse.gov/cleanenergy/inflation-reduction-act-guidebook/
IRS Credits and Deductions Under the Inflation Reduction Act of 2022
https://www.irs.gov/credits-and-deductions-under-the-inflation-reduction-act-of-2022
This FAQ provides answers for Californians interested in home energy rebates funded through the Federal Inflation Reduction Act or IRA.
RCEA does not provide tax, legal or accounting advice. These resources are for informational purposes only, and RCEA encourages you to seek assistance from qualified firms if you have further questions about the IRA.
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