A Billionaire From Clean Energy, Musk Vs Fisker And How To Get Sustainability Tax Breaks

This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week.

Among the provisions of the Inflation Reduction Act are tens of billions in tax breaks for ordinary citizens. Most of what’s gotten attention are the new tax credits for electric vehicles, but there’s even more ways to save on your bill to Uncle Sam while reducing energy costs in your home at the same time. My colleague Jonathan Ponciano breaks down some of the highlights that you can take advantage of. Solar power, for example, comes with an uncapped 30% tax credit. So does installing geothermal heating in your home. Even smaller home items like weatherizing doors and windows come with some significant tax credits, as does upgrading equipment like water heaters to heat pump or improving electrical wiring. Check out the full list of tax breaks and credits available.

The Big Read

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