If you’re looking for a sign to start a home renovation, this might be the best one: President Joe Biden wants to pay you to upgrade your house.
The Inflation Reduction Act (IRA) offers up to $14,000 in tax rebates and credits that can save you thousands on your home’s next facelift. The only catch is that the upgrades need to reduce your climate footprint.
Many of the IRA energy efficiency incentives increased in 2023. Home improvements cost an average of $6,721. It could be a financially savvy move to use IRA tax credits and rebates to offset this major cost.
Here’s how you can take advantage of home energy incentives so you can both save now and reap the rewards later.