Tax Incentives for HVAC are Expanded in Sweeping Bill
The Inflation Reduction Act (IRA) is one of the largest bills ever addressing climate change. Passed by Congress on August 12, 2022. President Joe Biden signed the bill on August 16. This $737 billion measure invests more than $369 billion of its total spending toward energy security and climate change measures. The bill aims to drive down energy costs for end consumers, increase energy security and reduce the emissions of greenhouse gases. More than $9 billion has been made available for home energy rebates for those who invest in energy-efficient systems and technology. The bill includes ten years of tax …
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