Accountant urges homeowners to claim $840 stove rebate before officials slash incentives: 'You might want to call your contractor soon'

Amid the uncertainty surrounding the longevity of the Inflation Reduction Act (IRA), which encourages homeowners to turn toward clean-energy options by saving them loads of money, one accountant documented exactly why you need to take advantage of the IRA now.

The scoop

"If you're planning a few home improvements that will boost the energy efficiency of your house, you might want to call your contractor soon," wrote Katie Schubel for Kiplinger, a finance publication.

Acting sooner rather than later is encouraged, as the GOP's proposed "One Big Beautiful Bill Act" is seeking to slash tax provisions, including the tax incentives that save you money on improving your home through clean energy. 

How it's helping

The IRA offers tax credits and discounts for a slew of energy-efficient improvements from solar panels to electric vehicles.

One particularly high rebate includes $840 for induction ovens and stoves. This figure can even be higher when accounting for the substantial amount of savings that come from slashing your gas bill.

Induction ovens are also known to be better for your health, while they also make cooking seamless by heating up food faster. The benefits are endless; however, it's understandable that some may not be able to completely revitalize their kitchen, especially amid the growing cost of living in the United States. Fittingly, plug-in induction burners are excellent options that start as low as $50 and are also eligible for discounts and rebates.

To know exactly how much you are eligible for, handy tools like this free option from Rewiring America will give you a close estimate. 

What everyone's saying

Americans have been ecstatic to benefit from the IRA savings and gain kitchen tools that make their lives easier.

Lauren, from Oregon, told The Cool Down, "A portable induction cooktop is a great way to try out induction for a low cost and get used to the technology while improving indoor air quality."

"The cherry on top is our induction stove's AMAZING cook times," commented Frankie from Texas for The Cool Down. "We can boil water in under a minute!"

Which of these factors would most effectively motivate you to buy an induction stove? Healthier indoor air 🏠 Superior cooking results 🍳 Helping the planet 🌎 I wouldn't buy an induction stove 🚫 Click your choice to see results and speak your mind.

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.