twitchy.com by Brett T.
The Inflation Reduction Act has been signed into law, although most of the stories being written about it ignore inflation reduction completely and instead refer to it as the biggest investment in climate change ever.
MSN.com had this to say about how low-income families can adapt to rising temperatures:
… the price of new electric vehicles is out of reach for most lower-income families and the current tax credit is only applied to the purchase of new electric vehicles. The bill would provide a reduced credit of $4,000 for used electric vehicles, increasing the accessibility of electric cars for lower-income families. The credit would only be available to individuals with incomes of up to $75,000 and $150,000 for those who are filing jointly.
The savings for lower-income families will be significant. The combined benefits from electrifying their homes with an electric heat pump for heating and cooling, purchasing an electric vehicle and installing solar panels according to a recent report by Rewiring America, would save $1,800 a year. For lower income households these savings will be transformative, reducing their energy bill by about 30 percent.
Don’t let “climate advocate” in meteorologist Ryan Maue’s Twitter bio set you off … he’s one of us.
Lower income households will see huge savings of $1800/year on energy costs from Inflation Reduction Act while fighting climate change.
How to get these "transformative" savings?
Purchase new electric car, install solar panels, and electric heat pump.https://t.co/1dAfIs2lhF
— Ryan Maue (@RyanMaue) August 16, 2022
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