SOCAN Webinar on the Inflation Reduction Act

[Kirk Rensmeyer]

The webinar was presented by Joel Rosenberg of Rewiring America.  I have included some of the data he presented and links to the website. I attached a factsheet on the IRA that can also be found on the website. Also check out Court Smith's email for useful information and links.

FYI:SOCAN = Southern Oregon Climate Action Network

A few facts:

Rebates:

Electrification

Energy Efficiency

 

$4.5 Billion for point-of-sale contractors and retailers

 

Low Income ( < 80% Area Median Income-AMI)  100% coverage

See below:   80%  =$46,400/year

Moderate Income

 

Consumer Tax credit applies till 2032

     30% of costs for Residential Efficiency upgrades  or Electrification   up to $3200

     Up to $2000 annual credit

 

Residential Clean Energy Tax Credit applies till 2034

     30% of costs for Geothermal heat pumps

 

Clean Vehicle Tax Credit

      $7500 New Electric Vehicle

      $4000 for used EV

 

 

Median Income

In 2021, the median household income of Corvallis households was $58,315. Corvallis households made slightly more than Pendleton households ($58,093) and North Bend households ($58,200) . However, 10.5% of Corvallis families live in poverty.

80%  = $46,400.00

Corvallis Demographics - Get Current Census Data ... - Oregon

https://www.oregon-demographics.com › corvallis-demog...