Inflation Reduction Act Webinar
Interested in learning how the Inflation Reduction Act will impact home performance and solar? Join Green Builder Media, the Department of Energy, and Sunnova for a free recorded webinar.
According to Green Builder Media’s COGNITION Smart Data, over 70% of builders expect that the Inflation Reduction Act (IRA) Bill will have a positive impact on their businesses. While we all eagerly await the details of how the funds will be implemented, we do know that the IRA will allocate $370 billion toward climate-related provisions to reduce emissions by 40% below 2005 levels by 2030, making it the largest climate spending program in U.S. history.
The bill encourages homeowners to electrify their homes by offering incentives:
- $8,000 in rebates and up to $2,000 in tax credits for heat pump technology for space heating and cooling
- $4,000 in rebates for smart electric panels
- $2,500 in rebates for updated electrical rewiring
- $1,750 in rebates for all-electric water heaters
- $1,600 in rebates for insulation, air sealing and ventilation upgrades
- $1,200 in tax credits for energy efficient windows and doors upgrades
- $840 in rebates for electric stoves and electric heat pump clothes dryers
The bill also allocates funds to workforce training and extends solar tax credits.
Green Builder Media joined forces with Sunnova and the Department of Energy to explore how building professionals can access IRA funding for energy efficiency improvements, electrification technologies, and solar systems.
In this session, Green Builder Media CEO Sara Gutterman will present the latest COGNITION Smart Data about consumer demand, market trends, and innovations that are facilitating the transition to net zero, all-electric, healthy, resilient, connected, solar powered homes.
U.S. Department of Energy’s Building America National Program Director Eric Werling will offer information about IRA funding channels and how builders can leverage the 45L tax credit changes.
Sunnova’s Director of Energy Marketing Policy David Skillman will explore the investment tax credits for solar.