Kara Saul-Rinaldi shared insights with CNBC on efficiency initiatives aimed at making energy-saving technologies more accessible to consumers, ultimately helping them reduce their energy bills over time.
"Together, the two tax breaks make efficient technologies — which can be “large, expensive purchases” — “more accessible” to consumers, " said Kara Saul Rinaldi, CEO and founder of AnnDyl Policy Group, a consulting firm focused on climate and energy policy.
The story was originally published by CNBC.com on August 7, 2024.
American consumers claimed $8.4 billion in Inflation Reduction Act tax breaks tied to boosting the energy efficiency of their homes in 2023, according to Internal Revenue Service data, a sum that exceeded officials’ projections.
More than 3.4 million U.S. households claimed at least one of two tax breaks — the residential clean energy credit and the energy efficient home improvement credit — on their 2023 tax returns, the IRS reported Wednesday.
