, instead of the typical furnace or energy inefficient air conditioners that most Americans own.
While renters might be locked out of some credits that require home ownership, they are still eligible for many incentives. It might be worth it to make the long-term investments if they plan to stay in their rental space for a year or more, Cleetus says.“The question for renters is obviously, how long are you going to be in a place? And is that something that you and your landlord want to split the cost?” she says.
The amount of money you get will differ depending on your income, the number of dependents you have, and if you rent or own your home, so it’s important to do your research before buying anything that could have a tax credit or an upfront discount, Cleetus and Allen say.
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