{"version":"1.0","provider_name":"Citizens Utility Board","provider_url":"https:\/\/www.citizensutilityboard.org","title":"Here's what Illinois consumers need to know about Inflation Reduction Act clean energy benefits | Citizens Utility Board","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"U8AADueZbj\"><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2022\/09\/01\/heres-what-illinois-consumers-need-to-know-about-inflation-reduction-act-benefits\/\">Here&#8217;s what Illinois consumers need to know about Inflation Reduction Act clean energy benefits<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.citizensutilityboard.org\/blog\/2022\/09\/01\/heres-what-illinois-consumers-need-to-know-about-inflation-reduction-act-benefits\/embed\/#?secret=U8AADueZbj\" width=\"600\" height=\"338\" title=\"&#8220;Here&#8217;s what Illinois consumers need to know about Inflation Reduction Act clean energy benefits&#8221; &#8212; Citizens Utility Board\" data-secret=\"U8AADueZbj\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","description":"Now that the historic Inflation Reduction Act (IRA) has been signed into law, many consumers are wondering how they can benefit from the money-saving, clean energy provisions in the bill. The IRA represents much needed relief at a time when 1 in 6 homes in America are behind on their utility payments.\u00a0 Below are the major ways consumers can take advantage of the new legislation:\u00a0 Home Energy Efficiency Tax Credits Each year for the next decade, consumers can claim a tax credit for 30 percent of the cost of qualified projects that make their home less drafty or improve energy efficiency, to an annual limit of $1,200 credit. These incentives include: Up to $600 for highly efficient central air conditioners; electric panel upgrades; and water heaters, furnaces and water boilers that run on natural gas, propane or oil. These products must meet Consortium for Energy Efficiency\u2019s highest efficiency tier. Up to $150 for a home energy audit $600 for new energy-efficient exterior windows or skylights\u00a0 $500 for exterior doors Heat Pumps and wood burning stoves If you purchase an energy-efficient electric or heat pump for space heating and cooling or a heat pump water heater, you qualify for 30 percent tax credits up to $2,000. Tax credits are also available for highly rated stoves and boilers that generate heat from burning wood or other biomass feedstocks. The credits for heat pumps or biomass stoves and boilers don\u2019t count against the $1,200 annual limit for the home energy efficiency tax credit detailed in the previous section. Electrification rebates\u00a0 The Inflation Reduction Act includes $4.5 billion over 10 years for state and tribal programs that discount or fund electrification and efficiency projects or appliances for lower and moderate-income households. The bill defines lower-income households by annual incomes less than 80 percent of the area median income. Moderate income is defined by annual income no greater than 150 percent of the median. (Learn how to find your area median income.)\u00a0 The lowest-income households are eligible for point-of-sale rebates covering the full cost of certain electrical appliances or efficiency projects. Moderate-income individuals and families can get half off. The cumulative rebates available to each household total $14,000. The law sets rebate caps for selected electric product classes. There is up to $8,000 available for purchasing space heating and cooling heat pumps. For heat pump water heaters, the maximum is $1,750. For electric stoves, it\u2019s $840. The high-efficiency electric home rebates should also cover half or all the cost of upgrading electric panels up to a $4,000 limit. Other covered services are electrical work, with a $2,500 maximum, and insulation projects, up to $1,600. Solar, batteries and geothermal\u00a0 Thanks to the new law, the existing 22 percent solar panel tax credit has been immediately bumped to 30 percent for the next decade. This tax credit is available now, so it\u2019s a great time to look into your local solar group-buy programs, like Grow Solar Chicagoland. There\u2019s also a tax credit for home battery units with more than 3 kilowatt-hours of storage capacity, allowing the benefits of solar generation to stretch into shorter winter days. For [&hellip;]","thumbnail_url":"https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2022\/05\/home-improvement-blog-photo-300x169.png"}