"Wealthy Homeowners Nab Billions In Tax Credits For Energy Efficiency" [1]
"IRS data shows a huge disparity between rich and poor in a major Biden climate effort."
"Wealthy homeowners are scooping up billions of dollars in tax credits for making their residences more energy efficient, while the poor are getting almost nothing under the same Biden administration effort.
That’s according to an analysis by POLITICO’s E&E News of a tax credit program that was expanded under President Joe Biden and is designed to spur homeowners to buy solar panels, insulation materials and other items that can reduce energy bills and home emissions.
The analysis found that households with income of $200,000 or more got $2.2 billion in tax credits. Meanwhile, households with income below $25,000 got a fraction of that amount — $32 million in tax credits — even though they vastly outnumber their affluent counterparts."