(CNN) Democrats’ new party-line tax and clean energy bill is a big deal for climate and energy savings. With nearly $370 billion for energy programs and tax incentives, it represents the largest climate investment in US history.
In addition to the US emissions reductions these will bring, there’s a lot in the bill that could change both how Americans power their homes and what kinds of vehicles they drive.
The bill contains a bevy of tax incentives aimed at pushing consumers, developers, small businesses and others towards clean energy and more efficient energy usage — helping bring down the cost of buying electric vehicles, heat pumps, water heaters, rooftop solar panels and more.
These measures would be more comprehensive than existing weatherization programs, and several would be available to all households, not just low-income ones,” said Mark Wolfe, executive director of the National Energy Assistance Directors Association.
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Article URL : https://www.cnn.com/2022/08/06/politics/tax-credits-energy-savings-climate-bill/index.html