Switching kitchen appliances may seem like a hassle, but you could end up saving a lot of money by changing to an induction stove.
A Reddit user took to the r/newjersey subreddit with a post seeking advice about tax rebates for induction stoves in New Jersey.
Looking to switch from a gas stove to an induction one, the poster remarked: "We were previously living in MA and they have generous refunds for replacing gas appliances."
Luckily for the Redditor, the internet community responded with resounding positivity. "You can get up to $840 back in rebates," one user commented.
TCD Picks » Induction Cooking
💡Discover the induction option that’s just right for your needs and your home
Getting this tax rebate is relatively simple — all you have to do is switch to an induction stove and then submit IRS Form 5695 when filing your taxes to claim the credit. The figure calculated for your rebate will mean you either get a larger tax return or you won't have to pay as much tax in the next tax year.
As well as getting up to $840 in tax rebates thanks to the Inflation Reduction Act, there are numerous other benefits to ditching your gas-powered appliance. Gas stoves can be dangerous, expensive, and harmful to the environment. In comparison, induction stoves are an easy and affordable solution to avoid the dangers of gas stoves.
Induction stoves sometimes get a bad rap for taking a long time to heat up, but they tend to cook faster than gas-powered stoves and are more cost-efficient.
If you're not in the market for a major kitchen renovation, or perhaps are renting and can't change your space too drastically, plug-in induction burners are a great option. With some options starting at just $50, they're a great way to reduce the harms of gas stoves without breaking the bank.
Food writer Tim Hayward told the Guardian: "I don't know anyone who has converted to induction who wants to go back."
In 2023, Greg Fasullo — then CEO of residential energy solutions company Elevation — told Forbes: "Not only will these incentives remove the barrier to a cleaner, more efficient and affordable lifestyle for these homeowners, it will improve the value of homes."
|
Which of these factors would most effectively motivate you to buy an induction stove?
Click your choice to see results and speak your mind. |
Healthier indoor air 🏠 
Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
Cool Picks
