Hi Jean. There's lots of great stuff in the Inflation Reduction Act, but it certainly can be a bit confusing. There are both credits and rebates, and they take effect at different times. I believe what you are referring to is the High Efficiency Electric Home Rebate, which is not actually a tax credit. You can get up to $14000 of rebates, which could include $840 for a stove/oven, and up to $2500 for electric wiring, as long as your family's total annual income is less than 150% of the median income where you live. The amount of the rebate depends on your family's income level. The tricky part is that these rebates were legislated as grants, which would be administered by state energy departments. I believe the details of how states will apply for the grants, and how consumers will claim the rebates are still being worked out. . I'd be surprised if they were widely available until later in 2023.
