Wired
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President Biden ’s landmark climate bill takes aim at this issue by allocating $8.8 billion to home energy efficiency rebates.
Incentives will fall into two buckets, with about half designated for home electrification and the remainder going toward overall reductions in energy use.
The money could become available to consumers as early as the end of this year , though the bulk is expected throughout 2024 .
Federal tax credits are available now to help anyone pursuing projects such as installing solar panels or heat-pump water heaters.
The credits reset annually , but because they offset tax liabilities, the ability to fully utilize them often depends on a filer's tax burden.
Experts say even this influx in funding won’t ultimately be enough to meet the need nationally.
VR Score
90
Informative language
90
Neutral language
57
Article tone
semi-formal
Language
English
Language complexity
56
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
19
Source diversity
9
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