On August 16, 2022 the U.S. government signed into law the Inflation Reduction Act (IRA) in an effort to reduce greenhouse gas (GHG) emissions by 40% by 2030. The IRA has improved the savings available from the 25C tax credit, which is also known as the Energy Efficient Home Improvement Credit. Homeowners can receive a significant federal tax credit for installing high-efficiency heating and/or air conditioning systems and building envelope improvements. Installing heat pumps comes with the most considerable financial incentives by far. Envelope improvements, like insulation and air sealing are also eligible for substantial tax credits. Click the button below to learn more.
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