Understanding the Inflation Reduction Act for Heat Pumps
Many homeowners in Portland, Oregon, have decided to switch from a traditional forced air HVAC system to heat pumps. The Inflation Reduction Act provides some incentives that make that decision more enticing for many. What Is The Inflation Reduction Act? On August 16, 2022, President Joe Biden signed the Inflation Reduction Act (IRA) into law. This act aims to lower prescription drug prices, halt global warming, minimize the deficit, and take steps to alleviate the financial burden caused by inflation. With more than $369 billion invested in clean energy
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