Up to $7,500 may be applied to the purchase price for a new electric vehicle.
Up to $4,000 or 30 percent of the vehicle’s value, depending on which is lower, for a used electric vehicle.
The Limitations (for new vehicles)
Vehicle must be assembled in North America, portion of battery must be made in North America, a percentage of the minerals that go into the battery must be mined domestically or in countries with a free-trade agreement with the U.S.
Individual income must be less than $150,000 a year or couple income must be less than $300,000 a year.
Sedans must be less than $55,000 and SUVs less than $80,000.
Energy efficient home upgrades can result in up to $1,200 in tax credits per year for a decade.
Up to $150 for a home energy audit, $600 for new energy-efficient exterior windows or skylights, $500 for exterior doors, $600 for highly efficient central air conditioners; electric panel upgrades; and water heaters, furnaces and water boilers that run on natural gas, propane or oil.
There is so much work to do to heal our planet that it can feel overwhelming to determine where to start. That’s why 7th Generation Advisors launched the Personal Climate Action Center, a new initiative designed to encourage people to take individual action against climate change.
At 7th Generation Advisors we
are diligently working with scientists, policymakers, activists and
clean tech companies to create a clean energy economy for all, to reduce
greenhouse gas emissions, and to protect all living things seven
generations into the future. We care about the future of our planet.
Will you join us?