American Consumers Showcase their Desire for Energy Independence through More Spending on Energy Efficiency/Passive Survivability. IRA Credits are helping them.
EE spending is self-driven spending from consumers to make their lives more comfortable, reduce their energy bills, and increase their passive survivability, i.e., increase the number of hours they can safely tolerate extended losses of grid electricity.
Improving passive survivabilty means either consumers are spending their own money on solutions to enable safe indoor thermal conditions (like insulating windows) or selecting living quarters that already include these protections (buildings or homes that have passive survivability design measures which require no energy).
There’s aboom in residential consumer investment in self-enablement of passive survivability; more people want to reduce their reliance on any third party service providers/utilities to keep them safe from extreme conditions. Access to energy efficiency programs and funds/credits helps them become self-reliant. The IRA of 2022 has catalyzed U.S. families’ longstanding desire for energy independence. Per the Internal Revenue Service Report August 7 2024, 2.3 million families have claimed more than $2 billion in IRA-enabled credits for energy efficiency home improvements like heat pumps, efficient air conditioners, insulation, windows, and doors – averaging $880 per family.
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Expressions of Energy Independence in US: Home Energy Efficiency Spending Rises with Access to IRA Credits
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American Consumers Showcase their Desire for Energy Independence through More Spending on Energy Efficiency/Passive Survivability. IRA Credits are helping them.
EE spending is self-driven spending from consumers to make their lives more comfortable, reduce their energy bills, and increase their passive survivability, i.e., increase the number of hours they can safely tolerate extended losses of grid electricity.
Improving passive survivabilty means either consumers are spending their own money on solutions to enable safe indoor thermal conditions (like insulating windows) or selecting living quarters that already include these protections (buildings or homes that have passive survivability design measures which require no energy).
There’s a boom in residential consumer investment in self-enablement of passive survivability; more people want to reduce their reliance on any third party service providers/utilities to keep them safe from extreme conditions. Access to energy efficiency programs and funds/credits helps them become self-reliant. The IRA of 2022 has catalyzed U.S. families’ longstanding desire for energy independence. Per the Internal Revenue Service Report August 7 2024, 2.3 million families have claimed more than $2 billion in IRA-enabled credits for energy efficiency home improvements like heat pumps, efficient air conditioners, insulation, windows, and doors – averaging $880 per family.