44,000+ Nevada families saved over $151M on clean energy and investments due to the Inflation Reduction Act (IRA).

44,000+ Nevada families saved over $151M on clean energy and investments due to the Inflation Reduction Act (IRA), per IRS and Office of Economic Policy data. In 2023, 3.4M US households claimed $8.4B in IRA home efficiency tax credits, with California, Florida, New York, Pennsylvania, and Texas being top states for claims. The most popular energy-efficient projects were adding home insulation, and windows and skylights. The IRA's enhanced and extended tax breaks for home energy efficiency, including the residential clean energy credit and the energy efficient home improvement credit, helped reduce the cost of home efficiency upgrades, such as solar panels and heat pumps, while also lowering greenhouse gas emissions and long-term utility bills.

August 07, 2024
24 Articles