With the election of Donald Trump to President of the United States, the HVAC industry is wondering how this will affect the Inflation Reduction Act incentives.

Export-led growth is no longer a viable strategy for the world's second-largest economy. The US, on the other hand, must tackle fiscal adjustment.

The Inflation Reduction Act’s (IRA) tax credits and rebates can unlock thousands for residential homeowners looking to upgrade to energy-efficient HVAC equipment.

Congress created the 179D deduction in the Internal Revenue Service Inflation Reduction Act to support businesses working on sustainability in large structures, and the 25C credit to support the average American household.

Historically having a high tax rate on manufacturing relative to the rest of the world, the 2017 tax reforms temporarily stimulated the U.S. manufacturing sector.