Inflation Reduction Act 2024 Cost Per Unit. On august 16, 2022, president biden signed into law the inflation reduction act of 2022 (the act). Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate change, including $8.8 billion for the home energy rebates.

The california energy commission (cec) is. Even after accounting for irs’s enforcement efforts, the net tax gap was $625 billion in 2021.