The government gives homeowners $150 to eliminate air leaks. Here’s how you can use it to reduce your sky-high energy bills.

Is there a drafty room in your house that makes you shiver? Good news: the government wants to give you money to solve this problem and save money on energy in the long run.

Among many other tax rebates and incentives, the Inflation Reduction Act offers homeowners a tax credit for 30 percent of the cost of a home energy audit, up to $150 per year. This audit can help you understand how to make your home more energy efficient, from adding insulation for that pesky draft to incorporating Energy Star appliances into the mix.

Meanwhile, the government supports you when it’s time to make these improvements. For example, IRA offers homeowners up to $8,000 through the Home Energy Rebate Program.

Additionally, the Home Electrification and Appliance Rebates program offers Americans up to $14,000 in additional tax credits and rebates that can be used for everything from a new electrical panel to insulation products, airtightness and mechanical ventilation, or an Energy Star certified product. electric cooker, cooktop, range or oven.

Electrifying your home is a great way to reduce your energy usage, which will save you money and reduce the amount of pollution you produce that contributes to global warming. For example, installing a heat pump can save you up to $1,000 on your energy bills each year. Additionally, heat pumps eliminate tons of carbon pollution each year compared to other heating systems, according to Canary Media.

“The good news is that these technologies are better than what they replace. Your magnetic induction cooktop is better than the gas flame you cook on, cheaper, and it doesn’t give your kids asthma.” , said environmental journalist Bill McKibben. said. “The heat pump is an elegant alternative to the furnace and less expensive to run in the long run.”

Are you ready to take advantage of all the tax breaks and IRA credits but feeling a little lost? The nonprofit Rewiring America offers free tools to help you navigate available tax incentives, find contractors and make renovating your home much cheaper.

Keep in mind that IRA benefits may not be available forever, as President-elect Trump has indicated he wants to eliminate the subsidies. It is important to note, however, that any changes to the IRA would require an act of Congress.

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