Switching to an induction stove can literally be a lifesaver, avoiding gas leaks or even deadly accidents.Ĭhildren living in homes with gas stoves are 42% more likely to have asthma. They’re also considerably better for the environment than gas stoves, which require tapping into a fossil fuel source. They’re the choice of preference for many chefs and serious home cooks.

Induction stoves are extremely fast at heating pots and pans, leaving gas stoves in the dust. Learn more: – Clean Energy for All Save up to $840 Towards Switching to an Induction or Electric Stove You can also replace your water heater with a heat pump water heater-with a rebate of up to $1,750. Heat pump dryers can help you dry your clothes in a more energy efficient way, too - there’s a potential rebate of $840 for switching over. The IRA offers a tax credit of up to $2,000 for the purchase of a heat pump low-income households can get a rebate of up to $8,000 on installation starting in 2023. With this upfront consumer incentive, heat pumps costs are now the more affordable option across the country - even in the coldest and hottest areas.

Heat pumps come in a number of varieties, including geothermal heat pumps, ducted or ductless air-source heat pumps, and absorption heat pumps. They use electricity to move heat from a cool space to a warm space, making the cool space cooler while warming the warm space. Heat pumps are the fastest way to eliminate the use of fossil fuels to heat and cool your home, saving you money, preventing dangerous gas accidents, and avoiding the volatile prices of gas, oil, and propane that fuel traditional furnaces. When it comes to saving money, here are a few concrete ways you can get started: Save up to $8,000 on a Heat Pump There are some helpful calculator apps like this one from the nonprofit Rewiring America that let you see the potential for savings throughout your home.Įven better: the IRA gives homeowners a $150 tax credit to offset the cost of a professional energy audit, a move that almost aways pays for itself in rebates and increased energy efficiency. The IRA’s numerous tax incentives cover a lot of ground. If you’re looking to upgrade your home to be cleaner and more energy efficient, the federal government is offering some massive discounts starting in 2023 thanks to the newly enacted Inflation Reduction Act. Getting away from fossil fuels - and saving money - just got a lot easier.

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