The federal Inflation Reduction Act (IRA) provides billions of dollars over 10 years to incentivize Americans to make energy-saving upgrades, such as adopting heat pumps, improving insulation, and installing solar panels.
Opportunity is knocking for the HVAC industry in the form of consumer rebates offered through the federal Inflation Reduction Act (IRA), and contractors who haven’t planned their approach to leveraging these incentives would be well advised to do so now.
With Republicans winning both the presidency and Congress, leaders at HVACR trade groups say the new national political environment will, on balance, be good for the industry.
Low public awareness of incentives that can subsidize residential HVAC purchases means contractors have the opportunity to educate and position themselves as trusted advisors, marketing experts say.
High-end HVAC typically means high-efficiency products, which may qualify for the tax and rebate incentives available now. Here’s a look at how three manufacturers are helping contractors leverage incentives.
Those in favor of the Inflation Reduction Act’s incentives for residential building decarbonization say the numbers show they’re working, but critics fear the program is flawed.
Florida Gov. Ron DeSantis, who dropped out of the presidential race early this year, has backtracked on accepting his state’s share of federal funding for the Home Electrification and Appliance Rebates program.