Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates

The Department of Energy approved the first state application for federal funding via the Home Energy Rebates program.

The rebates aim to partially or fully offset costs for efficiency projects like installing electric heat pumps, insulation, electrical panels and Energy Star-rated appliances. States must notify the Energy Department they intend to participate by Aug. 16, 2024. Applications are due by Jan. 31, 2025.earmarked $369 billion in spending for policies to fight climate change, the biggest piece of climate legislation in U.S. history. President Biden

While their goals are the same — largely, to reduce household energy use and greenhouse gas emissions — the two programs' approach to household energy savings differs, Saul Rinaldi said.The Home Electrification and Appliance Rebates program pays consumers a maximum amount of money for buying specific technologies and services, Saul Rinaldi said.

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Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebatesHome Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.
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