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New York is the first in the United States to roll out the Home Energy Rebates program

New York became the first state to launch the Home Energy Rebates program, which helps low- and middle-income households save up to $14,000 on energy efficiency improvements.

New York’s pioneering launch is part of a national initiative to provide $8.8 billion in federal funding to states, territories and tribes to reduce household energy bills and increase home energy efficiency. houses. This funding makes it more affordable to install energy-saving measures such as heat pumps, electrical panels and insulation. The Home Energy Rebate Program was created by the Biden administration’s Inflation Reduction Act.

These improvements are expected to save consumers up to $1 billion annually in energy costs and support approximately 50,000 U.S. jobs in home construction, manufacturing and other sectors.

Here’s a quick look at how federal rebates work, in a short video:

New York is launching the first phase of its $158 million Home Energy Electrification and Appliance Rebate (HEAR) program – one of two provisions making up the Home Energy Rebate programs – by integrating funding into state’s existing EmPower+ program, which is aimed at homeowners and renters. with incomes below 80% of the median in their region.

Single-family properties and multi-family properties with up to four units are eligible under the first phase, while later phases of New York’s program will include larger multi-family buildings and point-of-sale discounts at retailers.

New York’s first phase will also support homeowners who want to install air sealing, insulation, ventilation, heat pumps, heat pump water heaters and electrical improvements (wiring centers and charging service). The maximum reimbursement amount is $14,000 per accommodation.

New York is also working to bolster its home efficiency rebates with $159 million coming from President Biden’s Inflation Reduction Act. This would provide eligible households with up to an additional $8,000 in rebates for measures reducing energy consumption by at least 20%.

Savings Calculator and Nonprofit for Electrification Rewiring America CEO Ari Matusiak said:

Today marks a historic moment in the implementation of the largest climate bill in history. We applaud New York State for becoming the first state in the nation to implement rebates on home electrification and appliances and commend the Department of Energy for prioritizing the distribution of these dollars and to the communities.

Massachusetts, Michigan and Rhode Island have also requested funding from the U.S. Department of Energy to launch their own home energy rebate programs.

Seventeen states have now requested nearly $1.9 billion in funding through at least one of the home energy rebate programs. Each state is responsible for establishing and administering its own program. You can check the status of your state’s program at energy.gov/save/rebates.

Learn more: Here’s How Much Money You’ll Get From the Inflation Reduction Act


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News Source : electrek.co
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