How to Make the Most of the New US Climate Tax Credits

The Inflation Reduction Act just passed, and it allocates nearly 400 billion dollars to fund clean energy and climate efforts. A big chunk of that amount is earmarked for tax credits for consumers. So if you want to install solar panels, buy better windows, purchase a heat pump, or start driving an electric vehicle, there's a good chance you could get some money to offset the cost.

Credit: Hindustan Times

The Inflation Reduction Act, passed by lawmakers in Congress last month, allocates nearly 400 billion dollars to fund clean energy and climate efforts. A big chunk of that amount is earmarked for tax credits for consumers. So if you want to install solar panels, buy better windows, purchase a heat pump, or start driving an electric vehicle, there’s a good chance you could get some money to offset the cost.

The Inflation Reduction Act, a sweeping piece of legislation that allocates nearly 400 billion dollars to fund clean energy and climate efforts, has just passed. A big chunk of that is earmarked for tax credits for consumers. You may have heard that the US government passed a new tax credit for consumers who purchase clean energy. This could be a good thing, especially if you want to invest in solar panels or electric vehicles. So what do you need to know?