Inflation Reduction Act
The Inflation Reduction Act (IRA), which President Biden signed into law on August 16, 2022, offers tax credits and rebates to consumers who buy clean vehicles and appliances or take other steps to reduce their carbon footprint. Some consumers may qualify for more than $10,000 in financial incentives.
The IRA is loaded with incentives to electrify your home, including up-front discounts, tax credits and low-cost financing. Connected Technology is committed to helping you stay informed so that you can save while working to electrify your home.
Some of these savings begin immediately, while some won’t go into effect until 2023. We will work with customers to create a long-term plan to maximize the benefits while electrifying your home.
IRA Products that Connected Technology Can Install For You
Electrical Panel
What do you qualify for?
IRA Energy-Related Frequently Asked Questions
One of the bill’s main goals is to address climate change and slow down global warming. The IRA brings down upfront costs of electric products to help Americans “go green.”
Rewiringamerica.org provides a calculator to determine what you qualify for.
www.rewiringamerica.org/app/ira-calculator
In most cases, yes. Locally, SMUD and Roseville Electric have programs in place that can help offset these costs. If you have a specific question, call our office and we’d be happy to help you figure it out.
The Residential Clean Energy Credit (the solar and battery piece of the IRA) is set to extend to 2032. The High-Efficiency Electrical Homes Rebates will have available funds through September 30, 2031.