Inflation Reduction Act – 30% Tax Credit for Home Remodeling & Renovation
Passed during the 117th Congress by the House and Senate in early August, President Biden officially signed the Inflation Reduction Act (IRA) into law on August 16, 2022. The IRA includes the High-Efficiency Electric Home Rebate Program (HEEHRA) and the Energy Efficient Home Improvement Credit (EEHIC), which offer millions of homeowners financial incentives, including a 30% tax credit, to further electrify, insulate, install replacement windows, exterior doors, remodel and renovate their homes.This once-in-a-lifetime congressional legislation encourages homeowners to participate in the worldwide goal of further