Can the IRA help me if I am a renter?
Yes! The up-front electrification rebates and electrification tax credits can all be used by renters.
Many of these upgrades (including window-unit heat pumps, electric stoves, and heat pump clothes dryers) are portable, so renters:
Can bring them to their next homes
Won't have to leave any savings behind
Renters are also eligible for the used and new EV tax credits. And although they are not exactly consumer-facing, renters will benefit from the:
IRA’s $1 billion investment in affordable housing energy upgrades
New tax deduction for efficiency upgrades in commercial buildings (including apartment buildings)
Do I need to spend a lot to get these incentives?
In many cases, no! The IRA incentives are designed to increase access to clean technology.
Lower Income Households
100% of appliance and installation costs are discounted at purchase
Could install efficient electric appliances at no cost, with no spending
Middle Income Households
Have to spend in order to access savings
Up to 50% of appliance and installation costs can be covered through upfront discounts
Can use tax credits to cover some of the remaining gap
Highest Income Households
Are not eligible for upfront discounts
Will have to pay full price for appliances and installation
Tax credits on the back end could recoup around 30% of your costs
When can I access the IRA incentives?
For an overview of incentives you can use right now, see the full FAQ .
Some incentives are available now, and others will become available in 2023.
The tax credits marked “2023” will be available on January 1, 2023.
The upfront discounts marked “2023” will depend on how each state rolls out its incentive program. (Our best guess is that those upfront discounts will be available mid-end of the year 2023.)
