"Last-minute opportunities for cash in clean energy before year-end"
The U.S. government is offering tax credits and rebates to encourage Americans to adopt climate-friendly technologies such as electric cars, heat pumps, and solar panels. Tax credits are available now for middle- and higher-income individuals, while rebates will be introduced in 2024 for lower-income individuals. The rebates can provide significant financial assistance, with estimates suggesting that low-income families could receive up to $22,000 for home upgrades. However, the rollout of rebates will vary by state, and some states may choose not to participate. The electric vehicle tax credit will also change in 2024, allowing buyers to receive the credit directly at the dealership.