Inflation Reduction Act Tax Credits 2024 Income Limits. The enhanced subsidies in the inflation reduction act reduce net premium costs by 44%, on average, for enrollees receiving premium tax credits, though the amount of. If you are planning a few home improvements that will boost the energy efficiency of your house, you may save some money on your projects under the inflation reduction.

The credit is worth 30% of certain qualified expenses for residential clean energy property. If so, installing a heat pump may be the way to go, especially since there are new tax credits being offered to help lower the costs thanks to the inflation reduction act (ira).