Environment

Nice News - The Inflation Reduction Act was signed into law two years ago last week, and among its provisions was a slew of new tax credits Americans could claim on clean energy home upgrades and investments. Upon reading a recent review by the Treasury Department, one thing is clear: People are using those credits.
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The statistics report, released earlier this month, showed that U.S. taxpayers have claimed more than $6 billion in credits for residential clean energy investments, a category that includes solar panel installation, and more than $2 billion for energy efficient home improvements, like adding heat pumps, insulation, and improved windows and doors. Those numbers come from 2023 tax returns filed as of May.
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Sara Baldwin, who leads research on decarbonization at a nonpartisan energy and climate policy firm, told The Washington Post that the tax credits could have “a stimulating effect on the market” when it comes to consumers adopting climate-friendly technology, and the cost of that technology decreasing over time.
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