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Joseph Demasi

YOUR ENERGY CONSULTANT

Joseph Demasi

Contact

jdemasi@solarsesame.com 818-960-1796

The Inflation Reduction Act (IRA) of 2022 makes the single largest investment in climate and energy in American history, enabling America to tackle the climate crisis, and securing America’s position as a world leader in domestic clean energy manufacturing. It offers tens of thousands of dollars in rebates and tax incentives to Americans that electrify with rooftop solar, battery storage, electric vehicles, heat pumps, and more.

5 Ways You Can Benefit From Inflation Reduction Act

1The Solar Investment Tax Credit (ITC) is extended to 30% for the next 10 years, which allows eligible households to receive higher tax refunds for solar panels.

SOLAR

30%SOLAR ITC EXTENDED

2The Solar Investment Tax credit now includes credits for batteries and geothermal too.

STORAGE

30%

GEOTHERMAL

30%

Solar ITC Established

3There are now tax credits for energy efficient home improvements including water heaters, windows and doors, and heat pumps and energy audits, which should encourage homeowners to take advantage of the additional savings.

HEAT PUMP WATER HEATER

Tax credit:

$ 2,000

HOME INSULATION WINDOWS/ DOORS

Tax credit:

$ 500

HEAT
PUMPS

Tax credit:

$ 2,000

HOME ENERGY AUDITS

Tax credit:

$ 150

*numbers stated are the maximum allowable rebate by category

4The new state and local home energy efficiency and electrification rebates created by the IRA will expand what projects homeowners can benefit from* and will inspire new trends in the industry.

HEAT PUMP WATER HEATER

Rebate:

$ 1,750

max

Frame (10)

HOME INSULATION WINDOWS/DOORS

Rebate:

$ 1,600

max

HEAT PUMPS

Rebate:

$ 8,000

max

UPDATED BREAKER BOX

$ 1,750

max

UPDATED ELECTRIC WIRING

$ 2,500

max

HEAT PUMP DRYER

$ 840

max

Mask group

ELECTRIC STOVE

$ 840

max

*numbers stated are the maximum allowable rebate by category

5Tax rebates for Electric Vehicles (EV) are expected to make sales demands go up- and with it, the need for home charging stations and a cheaper home energy source – solar!

$ 7,500

for a new car

$ 4,000

for a used car

EVs