Inflation Reduction Act 2024 Heat Pump. โ for the 49 million homes that use electricity, fuel oil, or propane for heat and have air conditioning, 92% to 100% of homes would see energy bill savings, with median savings of $300 to $650 a year. The push toward electrification is picking up speed, and governments are working to make the switch easier.
Homeowners can receive a tax credit equal to 30 percent of the cost of all eligible energy efficient home improvements made during the year. โ the inflation reduction act has already spurred a clean energy boom, contributing to more than $360 billion in private sector clean energy announcements since president biden took office.