Inflation Reduction Act Home Energy Rebates Now Offered First by New York State

16

TL/DR –

Governor Kathy Hochul announced the availability of $39.6 million in rebates for low-income New Yorkers for home energy efficiency and electrification upgrades through the federal program Home Electrification and Appliance Rebates (HEAR). This initiative, part of the Biden administration’s Inflation Reduction Act and Investing in America agenda, aims to help low-income communities save $8.8 billion collectively by incentivizing energy-efficient upgrades such as heat pumps, upgraded electrical panels, and insulation at reduced costs. The program supports New York’s goal to reduce greenhouse gas emissions by 85% by 2050 as established under the Climate Leadership and Community Protection Act.


Gov. Hochul Announces $39.6 Million in Rebates for Low-Income New Yorkers for Energy Efficiency Upgrades

Inflation Reduction Act Home Energy Rebates Now Offered First by New York State

On May 31st, 2024, Gov. Kathy Hochul, state officials, and U.S. Secretary of Energy Jennifer M. Granholm announced a new federal rebate program for low-income New Yorkers. The Home Electrification and Appliance Rebates (HEAR) Program aims to lower energy costs through energy efficiency upgrades.

This initiative, announced at the Andromeda Community Center in Long Island City, is part of the Biden administration’s Investing in America agenda and aims to save $8.8 billion collectively for low-income communities nationwide. Rebates for energy-efficient upgrades like heat pumps, upgraded electrical panels, and insulation are part of the plan.

The HEAR Program has allocated $39.6 million in rebates for low-income New Yorkers, aiming to reduce energy costs and transition away from fossil fuels. This plan supports the state’s Climate Leadership and Community Protection Act, targeting an 85% reduction in greenhouse gas emissions by 2050.

Gov. Hochul stated, “As the first state to offer these Inflation Reduction Act rebates, we are expanding access to home improvements that will save New Yorkers money on their energy bills and reduce our reliance on fossil fuels.”

U.S. Secretary of Energy Jennifer M. Granholm also praised the initiative, stating “This initiative signifies a significant step towards energy efficiency and highlights how governmental action can directly reduce living costs.”

U.S. Senator Charles Schumer added, “The HEAR program is the secret sauce of our groundbreaking Inflation Reduction Act: it saves consumers money on energy costs while reducing greenhouse gas emissions. With this $40 million federal boost, the HEAR program will make energy efficiency and electrification upgrades more affordable for New Yorkers.”

Eligible New Yorkers are encouraged to apply for the program. For more details on the application process and requirements, visit the NYSERDA website.

Read More US Economic News

Comments are closed.

×