Inflation Reduction Act of 2022- Possible Rebate for Switching Gas to Electric Stoves

The Inflation Reduction Act includes provisions for rebates and tax credits for the purchase of new electric appliances, such as electric ranges, cooktops, and wall ovens. This legislation aims to incentivize the switch from gas to electric cooking and reduce environmental impact. Electric ranges and induction cooktops have improved in performance and are comparable, if not better, than gas stoves. The rebates will vary by state and income level, with potential coverage for a portion of the appliance cost and assistance in converting from gas to electric. Induction ranges qualify for rebates as well. To apply for rebates, individuals should follow their state's specific steps, and funding will be allocated by the Department of Energy. The Inflation Reduction Act offers an opportunity to save money while promoting energy efficiency and sustainability.

Source: https://www.whitehouse.gov/.../Inflation-Reduction-Act...

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