Two new federal rebate programs will offer unprecedented support for certain types of home electrification projects!
The federal Inflation Reduction Act (IRA) is expected to begin offering rebates for electric appliance installation and home efficiency in late 2024 (in California).- Appliance rebates: Rebates will be available to those earning less than 150% of the Area Median Income (AMI), and may offer up to $14,000 for home electrification, including $8,000 for heat pumps, $4,000 for electrical work, $1,750 for heat pump water heaters, and lesser amounts for other upgrades.
- Energy efficiency rebates: The program may offer $2,000 - $7,000, depending on total energy savings, with larger amounts for those earning less than 80% of the AMI.
The IRA rebates are different from the federal tax credits, which are already available and are not income limited!
You can do a basic qualification check here, though this doesn’t account for state-specific implementation rules that may include additional eligibility requirements.
For more information on the rebate programs and how to qualify, read the article "IRA Rebates for Home Efficiency and Electric Appliances."
Of course, the QuitCarbon team will continue to keep all of our clients updated with the latest details on the availability and amounts of these rebates.
Rebates will not be retroactive, and will only be available after a state’s program has launched. In deciding how to time electrification work, you will need to weigh your personal finances against the remaining uncertainties in program requirements. QuitCarbon will analyze your specifics and craft a plan of action for your home - then we'll help you electrify with ease and savings, on the timeline that works for you.
