Are You Ready to Get $14000 for Home Upgrade?

Yes $14000 for your home upgrade. You read correctly.

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US Government Planning to give $14000 as rebate to make your home energy efficient

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You can use this rebate to install heat pumps, buy stoves, dryers etc

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40% of carbon emission is from households. So Govt believes these incentives will help to lower fossil-fuel emissions

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According to NRDC two rebate programs will be implemented

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The HOMES Rebate Program and High-Efficiency Electric Home Rebate Act (HEEHRA)

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AS per HOMES Rebate Program Home Owners those who cut their energy usage by 35% can get $4000 rebate

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AS per HOMES Rebate Program for 35% energy saving low and middle income households can get $8000 rebate

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AS per HEEHRA Program low and middle income households can get rebate for installing heat pumps, electric dryers etc

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The Maximum Rebate per household is $14000 and You can't receive 2 rebates for same upgrade

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HEEHRA Program Rebates

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$8000 for a heat pump

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$4000 for an electric service upgrade

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$2500 for an electric wiring

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$1600 for insulation and ventilation

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$840 for electric stoves, cooktops, ovens etc

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The Inflation Reduction Act expands a homeowner efficiency tax credit which covers $1200 per year

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You can't claim the rebates or tax credits now

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There are still number of months to go for these programs to go live. Now you can take two steps to get ready

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Schedule Energy audit for your home to understand how you can make your home more energy efficient

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Communicate with contractors to line them up for projects once rebates are available

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Thanks for watching. Share with your friends and family who may need this information.

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