Government Rebates of Up to $14,000 Available for Energy-Efficient Home Upgrades
Inflation Reduction Act Programs Aim to Make Climate Solutions More Affordable for Homeowners
According to TCD The Cool Down, Americans can soon take advantage of government rebates of up to $14,000 to reduce their energy costs thanks to the Inflation Reduction Act of 2022. This important law is meant to fight climate change and urge people to make their homes more energy-efficient.
The Home Electrification and Appliance Rebate Program (HEAR) is a key part of this initiative. Low- to moderate-income households can get a lot of help with money to make changes to their homes, like installing heat pumps, smart thermostats, and better insulation. These improvements help homes use less energy, which means lower electricity bills.
The Home Energy Rebates program and other tax credits are all part of the Inflation Reduction Act, which also has the HEAR program. Lauren Urbanek of the Natural Resources Defense League says that these programs are the largest government investment ever made in building climate solutions. They want to lower the cost of upgrades that use less energy and help people save money on their electricity bills. To get the most out of their changes, homeowners can also spread them out over time.
Nonprofit Tools Help Homeowners Navigate Energy Rebates and Find Trusted Contractors
It can be hard to figure out the different rebates and bonuses because they are different for each state and person. There are tools available from nonprofits like Rewiring America to help people make sense of these choices. Their free savings calculator tells you which improvements are most important based on your specific needs.
These tools can also put people in touch with reputable contractors who know how to make changes that use less energy. This information helps people who own their own homes make smart decisions about changes that will make them more energy-efficient and lower their energy costs.