TL/DR –
The U.S. Department of Energy (DOE) has approved New York’s funding application for the Inflation Reduction Act’s Home Energy Rebates, giving the state an initial $158 million to implement its rebate program. This program is part of President Biden’s Investing in America agenda to reduce home energy costs and build a clean energy economy. The DOE also announced that 11 other states have submitted funding applications for the Home Energy Rebate programs, which will provide $8.8 billion for states, territories, and tribes to lower energy costs and increase efficiency in American homes, potentially saving consumers up to $1 billion annually in energy costs.
Biden’s Investing in America Agenda to Fund Home Energy Rebates Across the Nation
The U.S. Department of Energy (DOE) announced today that New York will be the first state to receive funding under the Inflation Reduction Act’s Home Energy Rebates, as part of President Biden’s Investing in America agenda. The state has been allocated $158 million to implement a rebate program that will help families save on energy-efficient electric appliances.
Other states including Arizona, California, Colorado, Georgia, Hawaii, Indiana, Minnesota, New Hampshire, New Mexico, Oregon, and Washington have also applied for funding. The rebate programs will provide $8.8 billion to lower energy costs and increase efficiency in homes across the country, helping to save consumers up to $1 billion annually.
US Secretary of Energy, Jennifer M. Granholm said, “The Home Energy Rebate programs are designed to save energy and save money. States across the country are getting closer to putting money in the hands of consumers to upgrade their homes with new, energy-efficient appliances and clean energy tools that will cut monthly utility costs.”
For details about the progress of your state’s program, visit the DOE’s Rebates Dashboard.
The Home Energy Rebate Programs include The Home Efficiency Rebates Program and The Home Electrification and Appliance Rebates Program. They aim to reduce the upfront cost of home energy efficiency upgrades and efficient electric technologies, respectively. Both programs aim to provide support to low-income households, enabling them to save up to $14,000 on home upgrades.
On April 15th, New York’s application for its Home Electrification and Appliance Rebates Program was approved by the DOE, granting them a $158 million grant award. The state expects to launch its program in late spring or summer, initially for low-income homeowners, before expanding to all eligible residents.
DOE is ramping up its market engagement and consumer education efforts as states move closer to launching their programs. The department has convened a series of webinars and stakeholder engagements to raise awareness of the rebates, lower barriers for participation in the programs, and encourage contractors to work closely with State Energy Offices.
DOE is currently reviewing these states’ applications to ensure they comply with their guidelines. After approval and funding allocation, the states will finalize steps to launch respective programs and start accepting rebate applications from consumers.
President Biden’s Investing in America agenda is helping homeowners prepare for the rebates and save energy and money. Benefits include a professional home energy audit and tax credits for various energy-efficient upgrades. Visit the Home Energy Rebates website for more information.
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