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Saturday, August 06, 2022

Inflation Reduction Act – up to $7,000 for buying a e-vehicle. 30% off putting solar on your roof. Up to $14,000 for switching to energy efficient home appliances.

 https://www.americanprogress.org/article/5-major-benefits-of-the-inflation-reduction-acts-climate-investments/

Yes. It’s like a giveaway.

As we know Joe has some success rolling over his fellow democrats and it looks as though this act which has massive financial incentives for green energy, both for consumers and the companies that provide green solutions may pass into law.

Using the tax incentives and rebates in the Inflation Reduction Act, a low- or moderate-income household could choose from a variety of incentives that add up to $28,500 to switch to efficient electric home appliances, install rooftop solar, and buy new electric vehicles.

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Companies that stand to benefit are electric car makers PV makers. PV installers. Makers of energy efficient domestic appliances.

I’d just like to put the tickers that I’ve looked at:

NasdaqGS: SPWR

NYSE: NOVA

As you can see. The crayons speak for themselves.

When this moves into law. These two tickers will be big movers

( Not investment advice )

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