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Opportunities to Make a Difference

Learn more about the available incentives

Take time to get familiar with benefits of the bill and plan out major purchases accordingly

The earlier you make a climate friendly purchase, the more impact it has!


How to qualify for Inflation Reduction Act climate tax breaks, rebates (

The Inflation Reduction Act’s tax credit for EVs, explained - The Verge

Inflation Reduction Act of 2022 - What it Means for You | Department of Energy

Show Notes

Reason For Hope

Australia is close to passing a legally binding climate framework

Climate legislation has passed the House and is now headed for the Senate

Framework will put Australia on path to achieve 43% cut in emissions by 2030


Climate Change Legislation In Australia Passes Lower House (

Inflation Reduction Act

Projected Impact

According to middle of the road modeled scenario - expected to cut emissions by 40% by 2030

U.S. has pledged to cut emissions 50-52% by 2030 so a gap still remains

Two biggest sources of U.S. emissions are electricity sector 25% and transportation 27%

Emission reductions by category

  • Electricity sector ~75%
  • Carbon removal ~ 12%
  • Industry ~10%
  • Transportation ~3%

Majority of cuts achieved via tax credits

Effect on Consumers

Better air quality - could avoid up to 3900 premature deaths and 100,000 asthma attacks annually

EV tax credits

  • $7500 off new EVs - no longer manufacturer limit, $55K cap on cars, $88K cap on SUVs/trucks, must make under $150K as individual or $300K for joint filers
  • Alliance for Automotive Innovation believes 70% of EVs sold today in U.S. won't qualify because of domestic manufacturing requirements
  • $4000 off used EVs - must be at least two years old and purchase price under $25K

Clean energy tax credits

  • 30% off solar, wind, geothermal, biomass and now energy storage t
  • Extended through 2034

Energy efficiency tax credits and rebates

  • Up to $2000 / year in tax credits available to cover costs of installing home efficiency upgrades
  • Creates two new rebate programs for homeowners as well
  • Programs cover insulation, efficient doors / windows, water heaters, heat pumps, related appliances, etc.
  • Rebates are limited to people earning 150% or less of median income in a given area
  • Incentives increase as income decreases - up to $8000 in rebates for low-income households

Fossil Fuel Concessions

More fossil fuel leases on Federal land (onshore and offshore)

Increased emissions from leases projected to be offset 24:1 by emission reductions in bill


Inventory of U.S. Greenhouse Gas Emissions and Sinks | US EPA

How to qualify for Inflation Reduction Act climate tax breaks, rebates (

Experts: Senate-passed bill will yield myriad climate benefits » Yale Climate Connections

Modeling the infrastructure bills Using the Energy Policy Simulator (

A Turning Point for US Climate Progress: Assessing the Climate and Clean Energy Provisions in the Inflation Reduction Act | Rhodium Group (