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The Inflation Reduction Act, or IRA, became law in August 2022. It's packed with incentives across the entire value chain, including domestic manufacturing, energy-efficient products, and clean saving energy. But these fantastic incentives do not yet match the realities of what you can get today for your electrification project. The table below shows the most significant IRA electrification incentives that are available to homeowners in 2023, as well as pending IRA incentives in 2024. Many utilities, counties and cities also have localized electrification incentives, such as the SVCE and PCE rebates shown in this table. There's a clear divide between tax credit incentives and rebate incentives. Tax credits are the heroes, with no application process, simple documentation and automatic credit on next year’s tax return. The only downside with tax credit incentives is that they only make sense for homeowners who have an annual tax liability. Rebate incentives -- while well-intentioned — often get bogged down