We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: Energy Experts Say Climate Bill Could Help Consumers Cut Utility Bill Costs
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Politics > Energy Experts Say Climate Bill Could Help Consumers Cut Utility Bill Costs
Energy Experts Say Climate Bill Could Help Consumers Cut Utility Bill Costs
Politics

Energy Experts Say Climate Bill Could Help Consumers Cut Utility Bill Costs

Last updated: August 7, 2022 9:05 pm
Editorial Board Published August 7, 2022
Share
SHARE
07dc consumer facebookJumbo v2

The Inflation Reduction Act that was passed by the Senate on Sunday could lower electricity bills for consumers and the prices of things like rooftop solar panels, energy-efficient appliances and electric vehicles, Democrats and some energy experts said.

Under the legislation, a home improvement credit for energy efficiency would allow households to deduct from their taxes up to 30 percent of the cost of upgrades like heat pumps and insulation. Another provision extends a program that allows households that are installing solar or battery storage systems to deduct 30 percent of the cost of those projects from their taxes.

Rewiring America, a nonprofit group that promotes energy efficiency, said it estimated that those and other measures in the legislation could save households $1,800 a year.

The package also continues an incentive for families to replace their gas-powered vehicles with electric. It extends a current $7,500 tax credit for new electric vehicles and $4,000 for a used one. Couples who earn less than $300,000 a year or individuals who earn less than $150,000 a year would be eligible for the credits, and consumers would get the discount at the dealership.

“This bill will help create jobs and lower costs for many American families,” in addition to slowing climate change, said Senator Thomas R. Carper, Democrat of Delaware.

Republicans said they expected the measure to drive up inflation and said the credits would not help Americans.

“They’re not into buying an electric car any time in the near future,” Senator Marco Rubio, Republican of Florida, said of his constituents. “They’d like gas prices to come down because we’re producing more oil.”

You Might Also Like

FAA nominee reportedly lacks business pilot certification he claimed to have

LEONARD GREENE: ‘No Kings’ protesters rain on Trump’s navy parade

The Military is ready to rejoice 250 years with a parade that coincides with Trump’s birthday

Marines are seen standing guard at a federal constructing in Los Angeles

5 key takeaways from the ultimate NYC mayoral debate

TAGGED:Electric and Hybrid VehiclesHome Repairs and ImprovementsInflation Reduction Act of 2022Solar EnergyTax Credits, Deductions and ExemptionsThe Washington Mail
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
Crops ‘Stored Everywhere’: Ukraine’s Harvest Piles Up
World

Crops ‘Stored Everywhere’: Ukraine’s Harvest Piles Up

Editorial Board July 28, 2022
‘Killing Eve’ Is Back for a Final Season. Here’s Where We Left Off.
Trying again at the very best ‘The Michael Kay Show’ moments as ESPN New York ushers in new period
Biden Just Proposed a Gas Tax Holiday. Will It Work?
Citing Ukraine War, an American Resigns From Russia’s Mariinsky

You Might Also Like

Brooklyn BP Antonio Reynoso has taken money from actual property pursuits regardless of pledge
Politics

Brooklyn BP Antonio Reynoso has taken money from actual property pursuits regardless of pledge

June 13, 2025
Mamdani, Lander cross-endorse one another for NYC mayor in bid to dam Cuomo
Politics

Mamdani, Lander cross-endorse one another for NYC mayor in bid to dam Cuomo

June 13, 2025
Trump orders Medicaid to share information of suspected undocumented immigrants
Politics

Trump orders Medicaid to share information of suspected undocumented immigrants

June 13, 2025
Trump backs Israel after sweeping assault on Iran
Politics

Trump backs Israel after sweeping assault on Iran

June 13, 2025

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?