NEWS

How to Take Advantage of Tax Credits and Rebates for Clean Energy Before It’s Too Late.

November 13, 2024
The Trump administration could repeal tax credits for electric vehicles, heat pumps and more. These tax credits have not only supported technological advancements but have also made clean energy options more affordable for consumers. The possible repeal raises concerns that it could hinder progress toward a more sustainable energy future.

"Kara Saul-Rinaldi, the president and co-founder of AnnDyl Policy Group, which has helped states prepare for the rebate program, says that most are hurrying to get their applications in by early January. She also hopes that the Trump administration will maintain both programs — even though not a single Republican voted for the bill that created them."

This story was originally published by Washington Post on November 13, 2024.

For the past two years, millions of consumers have been able to claim cash back from the government for buying electric vehiclesheat pumps, better insulation and more. Through the Inflation Reduction Act, the Biden administration has funneled billions of dollars toward clean technologies, hoping to save Americans money and reduce carbon emissions at the same time.

10 steps you can take to lower your carbon footprint

But President-elect Donald Trump has pledged to “terminate” the cash flowing to clean energy — and has targeted benefits for consumers. Trump attempted to repeal the electric-vehicle tax credit during his previous term in office and has called the Biden administration’s climate law “the green new scam.”

Need help achieving your policy goals?