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Climate love

Rebates and tax credits are helping people in the US to switch to household electrification.

Incentives in the Inflation Reduction Act (IRA) is significant because of its dual goals: to tackle the climate crisis and to enhance economic opportunity to build a clean energy economy that includes everyone. Clean energy incentives contained within the IRA promotes broad-based investment across the country. They were also designed to provide place-based bonuses for investing in low income communities and communities that have historically depended on the fossil fuel industry for jobs or been harmed by pollution. The Biden-Harris administration has set a goal to achieve 100% clean electricity by 2035 and signed an executive order requiring federal agencies to procure 100% carbon pollution-free electricity by 2030. In its first months, the IRA received a lot of criticism. Some people argued that the programs were too complicated, contained confusing criteria, and had different application processes in each state. Some things have changed. The IRA now invites state, local, and Tribal governments, as well as non-profit organizations and other tax-exempt entities, to receive the following credits as direct payments.The tax credits for clean electricity generation included in the IRA will make substantial progress toward the Biden administration’s goals, according to the World Resources Institute, but may not be sufficient to get to a 100% carbon-free electricity system without additional measures — particularly accelerating the construction of additional electricity transmission capacity. As an editorialist for the New York Times quipped, these rebates “will not showcase the nimble, modern government, fighting for working people, that Mr. Biden hopes to sell to voters.”https://cleantechnica.com/2023/10/23/clean-energy-incentives-keep-emerging-both-from-the-ira-the-private-sector/

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  • Esther Wanjiku

    33 w

    amazing news here

    4
    • We Don't Have Time

      33 w

      Dear johnte ndeto Your climate love has received over 50 agrees! We have reached out to US Government by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

      3
      • Peter Kamau

        33 w

        Inclusivity for everyone is sure a target that has been by this act

        6
        • johnte ndeto

          33 w

          This approach to tackle climate crisis and enhance economic opportunities in the field of clean energy economy is really appealing

          4
          • walter lungayi

            33 w

            This is great news! Rebates and tax credits are effective incentives to encourage people in the US to switch to household electrification. By offering financial support, these initiatives not only help individuals save money but also contribute to addressing the climate crisis.

            13
            • George Kariuki

              33 w

              I am hopeful that the IRA will help to accelerate the transition to a clean energy economy in the US.

              15
              Welcome, let's solve the climate crisis together
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