President Joe Biden’s landmark Inflation Reduction Act is packed with billions of dollars’ worth of credits and rebates for purchasing electric cars and making home improvements that save energy.
If you earn enough each year to owe the federal government money in taxes, then the credits that kicked in on Jan. 1 for buying an electric vehicle or setting up charging stations at home will shave thousands of dollars off your bill to the Internal Revenue Service.
But if you’re a low- and middle-income homeowner looking for help covering the cost of swapping a fuel-burning furnace for an electric heat pump, you’ll have to wait until later next year for a rebate. If your existing appliance breaks in the meantime and you go green with the replacement, there’s no guarantee you’ll get any money back.
“It’s completely unacceptable,” Rep. Jared Huffman (D-Calif.) told HuffPost by phone Friday.
On Monday, Huffman and at least 63 other House Democrats signed a letter to Energy…