As of August 16, 2022, the Inflation Reduction Act (IRA) has passed in both the Senate and the House of Representatives and has been signed by president, Joe Biden. This incentive is said to trim America’s emissions of heat-trapping gasses by about 1.1 billion tons (1 billion metric tons) by 2030.
According to an analysis by the Energy Department, by the end of the decade, greenhouse gas emissions in the United States are predicted to drop 40% lower than the emission levels in 2005. These reductions would be a product of the promotion of solar energy, wind power, and electric vehicles mentioned in the nearly $375 billion spending package. So contact us today about how we can assist you in taking advantage of these energy tax credits and minimizing your carbon footprint.