Recently, there has been an intensifying debate on social media about replacing gas stoves with electric stoves. So what is the firestorm of controversy?
That means state and national agencies are advising consumers to save energy by switching from gas to electric appliances, and in some cases offering tax incentives.
If you’re looking to buy a new stove or cooktop this year, it may be time to consider an electric or induction range as a cheaper and potentially safer alternative.
Why are people switching from gas to appliances?
Ditching your gas stove at home boils down to two main concerns. first, safety concerns Regarding the use of gas in poorly ventilated areas. Several studies have linked health concerns, particularly asthma, with increased levels of indoor air pollution from gas-burning appliances.
Second, unlike electrical appliances, gas appliances such as ranges and stoves emit methane and other greenhouse gases into the environment. Researchers at Stanford University estimate that the use of gas stoves in the United States releases into the environment the equivalent of 500,000 automobile exhaust emissions each year.
“Although carbon dioxide is more present in the atmosphere, the global warming potential of methane increases by about 86 times over 20 years and at least 25 times over a century after its release,” he said. Stanford Woods Environmental Institute 2022 Report.
What are the advantages and disadvantages of switching from gas to electricity?
When purchasing electrical appliances, most consumers concerned about energy efficiency look for Energy Star ratings and stick with them.Gas ranges have long been considered good at cooking Switching to an electric or induction range may seem like a step backwards for the home cook, as they are generally more energy efficient.
Here are the pros and cons of switching from gas to electric cooking.
- Lower emissions/indoor pollutants than gas
- Rebates and tax credits may be available
- cheaper than gasoline
- Fewer health concerns
- Faster induction heating/cooling
- An upgrade to electrical service may be required
- Professional installation once wiring is complete
- May need new utensils
- IH stove is difficult to clean
- Electricity can be slow to heat
The cost of switching from electric to gas depends on whether you need an electric upgrade to add a stove to your home. Before you start panicking, the 2022 Inflation Reduction Act offers both tax credits and rebates aimed at reducing the cost of electricity replacement for homeowners.
Do Inflation Act Gas Stove Rebates Save Money?
If you plan to replace your gas stove or existing electric stove in the near future, you are in luck. The Inflation Control Act includes rebates and tax credits for purchasing and installing energy-efficient heat pump water heaters, infrastructure to support electric vehicles, and new appliance purchases.
This goes beyond the usual rebates for Energy Star products and includes electric and induction hobs, ranges or stoves, and even wall ovens.
How much are electronics rebates?
The law sets aside $4.5 billion in funding for appliance rebates and also includes provisions for how much homeowners can receive on qualifying appliances.
Homeowners are eligible to receive a rebate of $840 on the purchase of an electric or induction stove, stove, range, or oven, up to $500 to cover the cost of converting natural gas to propane gas or electricity is paid.
If you need to upgrade electrical service, the rebate includes $2,500 for electrical wiring and $4,000 for electrical load service center upgrades.
More can be gained by considering which housing projects maximize the energy rebates included in the Inflation Reduction Act.
Are you eligible for appliance discounts?
Before you ditch the gas stove, there is an income limit to qualify for the rebate.
- If your household income is 80% or less of the median household income in your area, you will receive 100% of the rebate.
- If your income is between 80% and 150% of median household income, you are eligible for a 50% rebate.
- If you earn more than 150% of the median income in your region, you are not eligible for this rebate.
Use data from the U.S. Department of Housing and Urban Development (HUD) to determine income levels in your area. You can use. HUD database Confirm your eligibility.
Which energy efficient appliances qualify for the rebate?
The law is vague as to which equipment is eligible for rebates and does not specifically prohibit the funds from being used otherwise.
For example, replacing an old electric range with a newer electric model may still qualify for a rebate. Each state determines how rebates are applied.
Other appliances eligible for rebates include those that maximize energy efficiency, such as electric heat pump water heaters.
When and how can I use discounts on electronics?
The federal government has made rebate funds available for these appliances, but it’s up to individual states to implement the programs. The U.S. Department of Energy rough framework About tax credits and rebates on their website.
It may take some time for some of these rebate programs to take off, but the funds will be available until 2031. If you need to buy an electric stove or heat pump, we recommend waiting until your state has a rebate program. Save your receipt and stay tuned.
Kaz Weida is a Senior Staff Writer at The Penny Hoarder, covering money saving and budgeting. As a journalist, she has written on a wide range of topics over the past decade, including finance, health, politics, education and technology.