What the Inflation Reduction Act Means for Homeowners—Big Takeaways That Could Affect Your Budget

Abstract

On Aug. 7, the Senate approved the Inflation Reduction Act. It includes about $900 billion in spending and tax cuts, with $369 billion to fight climate change and fund green energy projects. The act delivers savings on both large and small-ticket green home improvements. It also provides savings of up to 30% on other household amenities, like heat pumps, and there are several other smaller-scale improvements that homeowners can finance. The bill also offers other small-scale upgrades. The act also offers... and other subsidized substitute excessed incentory improvements. The Act also allows up to $840 to offset the cost of heat-pump clothes dryers or electric stoves, up to.