October is “National Clean Energy Month”. October is also “National Energy Efficiency Month”. Either way, the month of October has become known as the best month to promote clean energy and energy efficiency products and technologies for home and business owners.
October is the beginning of colder weather for much of the United States, which makes heating bills come to mind. The rising cost of natural gas, heating oil, propane, and electricity will combine with the inflated price of food, transportation, and pretty much everything else. Consumers cannot control the price of gasoline or heating fuels but can limit how much they need through efficiency and clean energy installations.
The “Inflation Reduction Act” offers tax incentives and other funding to encourage and expedite energy efficient and clean energy installations. Domestic manufacturing of clean energy equipment such as solar panels and efficient batteries is also promoted in the Inflation Reduction Act.
The cost of inaction is increasing, and the data is conclusive. Hurricanes and winter storms have brutally reminded us of the misery and fatalities that can result from interrupted or limited access to energy.
Energy may be conserved and money saved on energy bills by taking simple measures like turning off the lights when leaving a room or modernizing our energy monitoring systems with devices like smart thermostats. These deliberate, little actions can result in big financial savings.
The Inflation Reduction Act provides $369 billion in tax credits and increased financing for low-emissions vehicles and technologies, resilient buildings, rebates for home energy efficiency and appliance electrification and general reductions in air pollution and greenhouse gas emissions, many of which focus on underserved and low-income areas.
The bill also allocates $27 billion for a Greenhouse Gas Reduction Fund, with 40% going to low-income and disadvantaged communities to assist the quick adoption of low- and zero-emission technologies.