The Inflation Reduction Act of 2022 [H.R. 5376] was signed into law on August 16, 2022. The good news is that there are a lot of rebates and tax credits to help Utahns to move forward on energy efficiency, clean energy, and electric vehicles. However, understanding all of the new opportunities available to Utahns is time-intensive and, in some cases, complicated. Utah Clean Energy has delved into this important legislation and has put together information for Utah residents so that they can take advantage of energy efficiencies and electrification in their homes and vehicles. The bottom line is that the new tax credits and rebates can help everyone – regardless of income level – reduce their energy use and increase the health and comfort of their homes.
Because the Inflation Reduction Act is so big ($385 Billion!!), we will continue to provide more information and update existing information as more details and understanding emerge. The two attached fact sheets will help you understand some of the many options available to you.
