Inflation Reduction Act
Nov. 23rd, 2023 02:52 pm
Ok so this is a fantastic breakdown of some huge legislation that was passed in the US about clean energy last year, and I feel like we should be talking way more about this even now.
News goons talking about this weren't exaggerating when they were boggling over 'the biggest climate change bill basically ever' because yeah, it kind of is. It's incentivizing clean energy infrastructure on basically every level, it's supporting electric conversion, it's supporting conservation, it's penalizing methane leaks, it's--ok yeah it's in the video. There's more that the video doesn't cover, but like, from what I can tell this is a good summary.
Important details about the Inflation Reduction Act that I feel should be especially highlighted: if you electrify your home and your car you might qualify for major tax breaks. The tax breaks vary depending on whether you're looking at electric cars vs non-gas heating and appliances for your home, as well as how much you make compared to your city's median income, so I'm not going to get into it here, but this is specifically looking to help disadvantaged communities.
Please keep learning more about the IRA!!! I'll also be looking and I'll share anything interesting that I find.