Inflation Reduction Act 2024 California

Inflation Reduction Act 2024 California. In 2022, president biden signed into law the inflation reduction act (ira) — a $369 billion funding package, and the single largest investment in fighting the climate crisis. California, the nation’s largest market for heat pumps and heat pump water heaters, is just beginning a lengthy undertaking to establish its own inflation reduction.

The inflation reduction act authorizes states to provide rebates for home efficiency rebates begun on or after enactment of the law on aug. The inflation reduction act (ira) is the most significant investment in climate and clean energy in u.s.