Households can save thousands of dollars on air conditioning, heating, appliance, and vehicle upgrades by taking advantage of green energy incentives within the Inflation Reduction Act signed last week by President Joe Biden.
One of the most valuable green energy incentives in the legislation is a 10-year extension of a federal tax credit that reduces the cost of installing a rooftop solar system by 30%.
The act also extends a $7,500 tax credit for electric and other green energy vehicles, but imposes new North American assembly rules that immediately disqualified some previously eligible models.
