Inflation Reduction Act 2024 Update Today. President joe biden signed the inflation reduction act into law two years ago on friday. There will be no extensions.
For fiscal year 2024, which began october 1, 2023, the inflation reduction act provided $1.65 billion for the environmental quality incentives program (eqip), $754 million. Today, the department of energy (doe) released an updated study affirming the transformative climate progress driven by the inflation reduction act and the bipartisan.