The Inflation Reduction Act is the largest clean energy investment America has ever made, with strategic incentives to make the transition to clean energy and a decarbonized life easy and financially smart. Its home energy offerings include upfront discounts, tax credits and low-cost financing that together provide a substantial pot of money for every household to electrify the machines they rely on — the cars they drive, how they heat the air and water in their homes, cook their food, dry their clothes and get their power — regardless of income level.

Think of the IRA as a free electric bank account with your name on it, because that’s what it is. It’s your own personal fund to help you go electric — swapping out your old, fossil-fueled appliances for new, clean electric ones — over the next ten years. We’ll call it the IRA — which is confusingly like an Individual Retirement Account — but, hey, you and the federal government are investing in you!