{"id":1617673,"date":"2022-08-20T16:16:55","date_gmt":"2022-08-20T20:16:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1617673"},"modified":"2022-08-20T16:17:04","modified_gmt":"2022-08-20T20:17:04","slug":"hey-neat-spend-1000-on-green-energy-and-the-feds-will-give-you-a-300-tax-credit-to-reduce-inflation-thanks-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hey-neat-spend-1000-on-green-energy-and-the-feds-will-give-you-a-300-tax-credit-to-reduce-inflation-thanks-biden\/","title":{"rendered":"Hey Neat, Spend $1,000 On Green Energy And The Feds Will Give You A $300 Tax Credit To Reduce Inflation. Thanks,  Biden!"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">46<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhey-neat-spend-1000-on-green-energy-and-the-feds-will-give-you-a-300-tax-credit-to-reduce-inflation-thanks-biden%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1617673&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Great news kemosabes, thanks to the <a href=\"https:\/\/www.dailywire.com\/topic\/inflation\" target=\"_blank\" rel=\"noopener\">Inflation Reduction Act,<\/a> you can soon start saving hundreds via tax credits \u2014 you just have to start shelling out thousands of dollars on green energy appliances to reap the benefits.<\/p>\n<p>Earlier this week, CNN needled President Joe Biden\u2019s energy secretary Jennifer Granholm on how exactly the Inflation Reduction Act would help American consumers, considering that several studies show it could barely impact prices. Granholm promised that the law would \u201cimmediately\u201d have an impact if Americans simply put in a little elbow grease and spent some of their hard-earned money to fight <a href=\"https:\/\/www.dailywire.com\/topic\/climate-change\" target=\"_blank\" rel=\"noopener\">climate change<\/a>.<\/p>\n<p>\u201cOh I this, this \u2026 First of all, immediately, people will be able to lower the fuel costs in their homes,\u201d Granholm said. \u201cThere\u2019s a 30% tax credit that you can claim in 2022 for installing energy-efficient windows, heat pumps, energy efficient appliances. That is right away.\u201d<\/p>\n<p>\u201cAnd, on top of that of course, if citizens want to install solar panels on their roofs so that they can generate their own power, that\u2019s another 30% tax credit,\u201d Granholm continued. \u201cAnd of course, there is the tax credits at the dealership for the automotive sector for electric vehicles and if you install an electric vehicle charging station in your home, you can also get a tax credit.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">CNN: \u201cWhat, specifically, will [the Bidenflation Scam] do to lower costs for Americans right now?\u201d<\/p>\n<p>Biden Energy Secretary Jennifer Granholm: &#8220;If you install an electric vehicle charging station in your home, you can also get a tax credit!&#8221; <a href=\"https:\/\/t.co\/NKIQ4thvjK\">pic.twitter.com\/NKIQ4thvjK<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1558811340394872834?ref_src=twsrc%5Etfw\">August 14, 2022<\/a><\/p>\n<p>In other words, for every $1,000 you spend, you\u2019ll receive a $300 tax credit. Never mind the fact that <a href=\"https:\/\/www.dailywire.com\/news\/americans-dip-into-savings-as-inflation-soars\">you are already digging into your savings<\/a> under Bidenomics, just dig a little deeper for the sake of the planet, by golly!<\/p>\n<p>Readers might remember that in 2009, then-Vice President Biden claimed that the U.S. had to spend money to avoid economic doom.<\/p>\n<p>While speaking to an audience, Biden said \u201clook at me and say, \u2018What are you talking about, Joe? You\u2019re telling me we have to go spend money to keep from going bankrupt?&#8217;\u201d<\/p>\n<p>\u201cThe answer is yes, that\u2019s what I\u2019m telling you,\u201d he said in an excited voice.<\/p>\n[embedded content]\n<p>It seems that is the same financial advice Granholm is giving the average American in 2022.<\/p>\n<p>Let\u2019s estimate the costs of a few of Granholm\u2019s suggested home \u201cimprovements.\u201d<\/p>\n<p>The average energy-efficient window pane costs anywhere from $325 to $1,110, <a href=\"https:\/\/modernize.com\/windows\/energy-efficient\">according<\/a> to Modernize, a home services website. That price range is per window \u2014 not for the entire home. Using those figures, on the lowest end of the spectrum, if you had four windows in your home, you\u2019d need to spend at least $1,300 before any labor or delivery costs are even calculated into it. If you did that, you would get a $390 tax credit.<\/p>\n<p>Then, if you wanted to put solar panels on your roof, you would need to spend even more money.<\/p>\n<p>Looking at Granholm\u2019s home state of Michigan, the average solar-panel system costs roughly $16,020 \u2014 pre-federal incentives \u2014 <a href=\"https:\/\/www.consumeraffairs.com\/solar-energy\/how-much-do-solar-panels-cost.html\">according<\/a> to Consumer Affairs. Again, with a 30% tax credit, you\u2019d receive $4,806.00 back if you spent that kind of moolah.<\/p>\n<p>So, if you\u2019re somebody who lives in a four-window home and wants to purchase a basic solar-panel system and buy some efficient windows \u2013 you\u2019ll need to spend $17,320 to \u201csave\u201d $5,196.00. Of course, four-window homes are hard to come by, and if they do exist, it is doubtful that their occupants can afford to spend that kind of money.<\/p>\n<p>And of course, you can go hog wild and even put an electric charging station on your property, which will cost hundreds more. Yet that only makes sense if you own an electric car in the first place. Buying one of those bad boys <a href=\"https:\/\/www.caranddriver.com\/research\/a31544842\/how-much-is-an-electric-car\/\">will likely cost<\/a> you tens of thousands more dollars.<\/p>\n<p>The other thing that should be pointed out is that in 2020, there was a 26% tax credit for solar panels. In 2021, there was a 22% tax credit. That begs the question: if consumers weren\u2019t rapidly installing solar panels when they had a 26% tax credit and inflation was lower, why would Americans be incentivized to do so with a 30% tax credit when practically everything costs more money and most folks are <a href=\"https:\/\/www.dailywire.com\/news\/61-of-americans-living-paycheck-to-paycheck\">living<\/a> paycheck-to-paycheck?<\/p>\n<p>It seems evident that the big winners of the Inflation Reduction Act aren\u2019t the American people, rather it is the green energy companies that will undoubtedly reap profits if Americans take advantage of the supposedly generous energy-related tax credits.<\/p>\n<p>There is a word for that sort of economic malarkey, and that word is \u201cboondoggle,\u201d as in Biden\u2019s green energy boondoggle is a load of garbage.<\/p>\n<p><em>The views expressed in this piece are the author\u2019s own and do not necessarily represent those of The Daily Wire.<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great news kemosabes, thanks to the Inflation Reduction Act, you can soon start saving hundreds via tax credits \u2014 you just have to start shelling out thousands of dollars on green energy appliances to reap the benefits. Earlier this week, CNN needled President Joe Biden\u2019s energy secretary Jennifer Granholm on how exactly the Inflation Reduction &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1617675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1617673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1617673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1617673"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1617673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1617675"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1617673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1617673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1617673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}