GRAND JUNCTION, Colo. (KREX)–The “Inflation Reduction Act” aims to create jobs, and to save people money with rebates and tax credits. Senators Michael Bennet and John Hickenlooper backed the $373 billion bill, signed by President Biden August 16.
Business for one local solar company is normal for now, but they expect business to grow exponentially in the coming years. The rebates and tax credits mean more interest and demand from consumers. This bill isn’t just for people looking to install solar on their roof–there are also rebates up to 50% for people looking to upgrade appliances, HVAC, air conditioning, or insulation.
And if you’re looking to buy a new–or used– electric vehicle, you’ll be getting a sizable tax credit of up to $7,500. If you’re looking to invest in clean, green energy–now may just be the best time to do so.