What it is
Rewiring America's IRA Savings Calculator is a free online tool that estimates how much US households can save through Inflation Reduction Act incentives. Users enter their zip code, household income, and home details to receive personalized estimates for tax credits and rebates covering heat pumps, solar panels, EV purchases, electrical panel upgrades, insulation, and more.
Why we picked this
The Inflation Reduction Act allocated $369 billion to clean energy and climate programs, but most households do not know what they qualify for. This calculator translates complex tax code into specific dollar amounts for your situation. It turns abstract policy into actionable financial decisions, often revealing $10,000-30,000 in available incentives.
Key takeaways
- The IRA provides up to $7,500 in EV tax credits, $8,000 for heat pumps, $7,500 for electrical panel upgrades, and 30% of solar installation costs (uncapped).
- Low-to-moderate income households qualify for enhanced rebates under the High-Efficiency Electric Home Rebate Act, covering up to 100% of costs.
- Rewiring America estimates the average US household can save $1,800/year in energy costs by electrifying home systems using available IRA incentives.