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 aims to encourage energy-efficient home upgrades and fight climate change. The Home Electrification and Appliance Rebate Program (HEAR) is a key part of this initiative. It provides substantial financial support to low-to-moderate income households for various home improvements such as installing heat pumps smart thermostats and better insulation. These upgrades help make homes more energy-efficient and lower utility bills.
The HEAR program is part of the Inflation Reduction Act which also includes the Home Efficiency Rebates program and other tax credits. Lauren Urbanek from the Natural Resources Defense League says these programs are the biggest federal investment ever in climate solutions for buildings. They aim to make energy-efficient upgrades more affordable and help homeowners save on utility bills. Homeowners can also spread out their upgrades over time to get the most benefit.
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Up to $14,000 in Rebates: Inflation Reduction Act’s Home Electrification Program Saves Americans Thousands on Energy Costs! (PHOTO: CNBC)
Nonprofit Tools Help Homeowners Navigate Energy Rebates and Find Trusted Contractors
Understanding the different rebates and incentives can be challenging because they vary by state and individual circumstances. Nonprofits like Rewiring America offer tools to help homeowners navigate these options. Their free savings calculator provides personalized recommendations on which upgrades to prioritize. Additionally these tools can connect homeowners with trusted contractors who have experience with energy-efficient improvements. This guidance helps homeowners make smart choices about upgrades leading to a more energy-efficient home and lower energy costs.
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