Americans can tap new tax credits for electric vehicles, climate-friendly home improvements starting Jan. 1. Here’s how.
using data from the National Renewable Energy Laboratory, switching to a heat pump can save homeowners anywhere from $100 to $1,200 per year on heating bills and prevent anywhere from 1 to 8 metric tons of carbon dioxide emissions per year. For comparison,But many consumers encounter obstacles when switching over to heat pumps.
There are limitations, per the new law. The vehicles will also have to be assembled in North America, and cars that cost more than $55,000 aren’t eligible, nor are vans or trucks that cost more than $80,000.
Joe Britton, the executive director of the EV industry group Zeta, said that means there will likely be agroup of vehicles eligible for the full tax credit in January and February than there will be later in 2023. Because of this, he recommended that potential EV owners act fast in 2023.Rooftop solar — the best choice for generating clean energy
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