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How the Inflation Reduction Act could lower your home energy bill

It’s not the most stylish, or possibly most fulfulling, part of upgrading a home. But more energy-efficient heating, cooling, power and water usage can net savings that really adds up for household budgets and for doing right by the planet.

Congressional action aims to return more incentives, mostly via tax credits and rebates, to the pockets of homeowners who opt for energy-efficient choices by replacing fossil-fuel furnaces, boilers, water heaters and stoves with high-efficiency electric options that can be powered by renewable energy.

The House on Friday approved the broader spending bill, which Democrats named the Inflation Reduction Act. The Senate gave its OK on Sunday, and the measure is expected to get signed into law quickly by President Joe Biden.

Read more: https://www.marketwatch.com/story/heres-how-the-inflation-reduction-acts-rebates-and-tax-credits-for-heat-pumps-and-solar-can-lower-your-energy-bill-11659901660