“Whether you’re a seasoned home chef or an avid DIYer, making kitchen upgrades is one of the best ways to improve your quality of life — and save money in the long run. And for any homeowners who have been looking for a reason to upgrade, a number of federal tax incentives are currently available to help save even more on the price of your project.
Specifically, homeowners who upgrade to an induction stovetop can unlock major incentives, including hundreds or even thousands of dollars in rebates.
As the U.S. Department of Energy explains on its website, a new induction stovetop will be eligible for incentives in the form of either a tax credit or a rebate. In the case of the former, the qualified project amount is subtracted from federal taxes for a larger tax return or lower amount owed. In the case of the latter, you can receive rebates up to $840 via the Inflation Reduction Act.”
