Inflation Reduction Act of 2022

The Inflation Reduction Act (IRA) of 2022 makes the single largest investment in climate and energy in American history, enabling America to tackle the climate crisis, advancing environmental justice, securing America’s position as a world leader in domestic clean energy manufacturing, and putting the United States on a pathway to achieving the Biden Administration’s climate goals, including a net-zero economy by 2050.

The Inflation Reduction Act of 2022 (IRA) opens the door for homeowners across the United States to update their heating and cooling systems to select high-efficiency solutions. This Act is designed to accelerate the adoption of all-electric HVAC equipment and lower utility bills for homes and businesses.

The Inflation Reduction Act Incentives provides tax credits for homeowners replacing aging equipment with high-efficiency HVAC systems. An all-electric heat pump can deliver year-round comfort with minimal impact on the environment.

A high-efficiency heat pump may help improve your indoor comfort, and upgrading from your existing lower-efficiency HVAC system can lead to energy bill savings for years to come.

Heat pump installations receive an unprecedented incentive package to support converting homes to all-electric, high-efficiency solutions.

A Heat Pump:

• Helps reduce your home's carbon footprint.
• Does not utilize fossil fuels to maintain indoor comfort.
• Does not produce combustion byproducts.
• For eligible homeowners meeting IRS income requirements, installation may qualify for an $8,000 tax credit.

Depending on your income bracket in your location, upgrading your HVAC system may be more affordable than ever! Homeowners and business owners should consider additional rebates available in their state as well as financing options provided by Atara Mechanical with flexible payment options.