
Energy Incentives Timeline Depends on Government Guidelines, State Adoption
by Greg Iacurci, CNBC
“Everything is going to depend on how quickly these guidelines can be written and put in place”
Kara Saul Rinaldi, President and CEO of AnnDyl Policy Group
But eco-friendly consumers must wait until 2023 — perhaps even 2024 or later — to see many of those financial benefits.
The Inflation Reduction Act, which President Joe Biden signed into law on Aug. 16, represents the largest federal investment to fight climate change in U.S. history. Among other measures, the law offers financial incentives to consumers who buy high-efficiency appliances, purchase electric cars or install rooftop solar panels, for example.
Those incentives and various qualification requirements kick in according to different timelines. Here’s when consumers can expect to see them and how to decide when to make a purchase.