Cinflation Reduction Act 2024

Cinflation Reduction Act 2024. On august 16, 2022, president biden signed the inflation reduction act into law, marking the most significant action congress has taken on clean energy and climate change. The inflation reduction act contains $500 billion in new spending and tax breaks that aim to boost clean energy, reduce healthcare costs, and increase tax revenues.


Cinflation Reduction Act 2024

For fiscal year 2024, which began october 1, 2023, the inflation reduction act provided $1.65 billion for the environmental quality incentives program (eqip), $754 million. The inflation reduction act of 2022 includes two provisions authorizing $8.8 billion in rebates for home energy efficiency and electrification projects.

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