The Inflation Reduction Act “pumps up” heat pumps

President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on August 16. The IRA aims to alleviate inflation by lowering prescription drug prices, reducing the deficit, and halting global warming.

The largest ever federal legislation addressing climate change, the IRA invests $369 billion in clean energy sources and technologies that improve energy efficiency. Part of this includes offering significant rebates and tax incentives to homeowners who purchase heat pumps.

In fact, many Americans will be eligible for a free heat pump to cool and heat their home in 2023. Wondering if you qualify? Click here to skip ahead!