Inflation Reduction Act 2024 Home Improvement. Two years ago today, president joe biden signed the inflation reduction act, the biggest climate bill in american history. The inflation reduction act is a piece of federal legislation passed in august 2022 that included $370 billion in clean energy investments.

As funding propels rapid advancements in energy efficiency, states will move forward in planning and implementing these initiatives, while utilities, partners and homeowners closely monitor developments. We expect 2024 to be a year in which inflation reduction act (ira) home energy rebate programs will achieve impressive gains.