Kara Saul Rinaldi Featured in Wall Street Journal Article Focused on Climate and IRA's Rebates, Tax Deductions
by Katy Stech Ferek
We've been talking about climate change, but American's haven't been given the support to be a part of that solution.
Kara Saul Rinaldi, President and CEO of AnnDyl Policy Group
The tax-and-climate bill passed by Congress offers a slew of tax breaks and rebates to encourage more Americans to buy energy-efficient heating and cooling systems and other products, which has manufacturers anticipating a sales surge.
The bill, which President Biden signed Tuesday, is the largest investment in energy efficiency in U.S. history, with more than $21 billion allocated for rebates and federal tax deductions for household energy-saving upgrades over the next 10 years.
“The world is getting hotter—nine of the last 10 years rank among the 10 warmest on record, which drives increased demand for energy-efficient air conditioning,” said David Gitlin, chief executive of Carrier Global Corp., a top U.S. manufacturer of air-conditioning systems, in an emailed statement. “Tax credits and incentives encourage consumers to make more climate friendly choices.”