New Climate Law Offers Rebates and Tax Credits to Help Americans Go Green

The Inflation Reduction Act (IRA) offers rebates and tax credits to help Americans purchase EVs, solar panels, heat pumps, and more. Rewiring America's IRA savings calculator shows you exactly what you qualify for.

Tax credits in the IRA can be claimed now, while rebates will roll out on a state-by-state basis starting late 2022. Rebates will discount qualifying purchases by 50-100% depending on income level.

The IRA calculator lets you input details like income, zip code, household size, etc. to see personalized incentives. It splits out tax credits you can claim now vs future rebates.

For example, the fictional "Smith family" qualifies for $15,600 in tax credits now and 50% discounts on induction ranges and other appliances when rebates launch in their state.

Besides financial incentives, the IRA also provides an estimated $1,500 per year in energy savings for the Smith family based on where they live.