If you're 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 Act, which was signed into law in August. One of the bill's main goals is to address climate change and slow down global warming. And while the new law primarily helps businesses adopt more eco-friendly measures and jump-start clean energy production, there are incentives for ordinary Americans to go green and save some green, too.

They’re the cheapest and most efficient way to handle both heating and cooling for your home, no matter where you live. They’re also better for the environment. In fact, most experts agree they’re one of the best ways for homeowners to reduce their carbon footprint and reap the benefits of a greener future without sacrificing comfort. In other words, they’re a win-win.

In this series, Energy Innovation® analysts showcase the IRA’s benefits in the power, buildings, and transportation sectors of the U.S. economy. This article details IRA investments in cleaner, more efficient homes and buildings.

Heat pumps have long been heralded as a vital solution to electrification yet they only account for less than 10 percent of global building heating demand, according to the International Energy Agency (IEA).