Climate and Tax Bill Is Big Win for Serial Green-Home Remodelers

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Individuals seeking to make energy-efficient house enhancements are poised to obtain hundreds of thousands of {dollars} in financial savings after a broad spending bundle was permitted by the Senate on Sunday.

The spending bundle, dubbed the Inflation Reduction Act of 2022, reshapes tax credit on house enhancements. The laws has a $1,200 annual tax credit score for inexperienced transforming, up from what had been a $500 lifetime cap.

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