Inflation Reduction Act Rebates 2024. In august of 2022, the federal inflation reduction act (ira) was signed into law, authorizing many new programs, tax credits, and rebates designed to help households,. On august 16, 2022, president biden signed the inflation reduction act (ira) into law.
The inflation reduction act, which congress passed in 2022, provides nearly $369 billion for renewable energy equipment and energy efficient home improvements. Beginning in 2024, point of sale rebates are now available at select dealerships, meaning that the purchaser can receive the equivalent tax credit off the.