Inflation Reduction Act 2024 Heat Pump. The recently passed inflation reduction act (ira) offers numerous incentives and opportunities for funding for a variety of clean energy and energy efficiency initiatives,.  — if so, installing a heat pump may be the way to go, especially since there are new tax credits being offered to help lower the costs thanks to the inflation reduction act (ira).

If you buy a heat pump or heat pump water heater, heat pumps and heat pump water heaters have a seperate maximum yearly credit of $2,000. Fund a $2 million grant for a community cooling center program for extreme heat events.