Inflation Reduction Act offers rebates on home energy, electric and hybrid autos

The Inflation Reduction Act offers impressive rebates for home energy, electric and other alternative fuel cars.

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With no income restrictions, the bill allows homeowners to get energy credits by saving thousands of dollars.

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Tax credits are available for installing energy-efficient insulation, water heaters, air conditioners along with home energy audits.

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There are rebates for efficiency improvements in low-and moderate-income households up to US$14,000 per home.

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Collaboratively, these incentives aim to cut energy costs for American consumers who consume upto $500 to $1,000 per year.

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It is expected to reshape the energy industry in America by enhancing the reach to alternative fuel cars for people.

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Passenger vehicles assembled in North America qualify for the $7,500 federal EV tax incentive.

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