The Inflation Reduction Act (IRA) has some incredible benefits on the horizon to help you save big on energy costs and upgrade your home comfort. It sounds too good to be true, right? Well, hold onto your hats – it actually is that good but you’ll need to be patient!
Let’s break down the IRA’s Home Energy Rebates in three easy parts:
What is it?
The IRA is a game-changer for clean energy, and that includes making your home more energy-efficient. The act allocates a whopping $8.8 billion for rebates to help American families invest in upgrades that can significantly lower their energy costs. Think of it as a government helping hand to make your home greener and your wallet happier.
How does it work?
The IRA offers two rebate programs to target different areas of home energy use:
Who Qualifies?
The good news is that the IRA Home Energy Rebates are designed to be accessible! The programs aim to help a wide range of homeowners, with a particular focus on low- and moderate-income households. Here’s a breakdown of the eligibility:
Not sure about your AMI? Don’t worry! The Department of Housing and Urban Development (HUD) provides resources to look up AMI statistics by area. You can find them by following this link: www.huduser.gov
Important to Note: Specific eligibility requirements and rebate amounts may vary depending on the state and the chosen program.
Can’t wait that long? Even now there are rebates available that can bring down your project price significantly. Want to know more about the possibilities available today or want to be alerted when the Inflation Reduction Act becomes active in Arizona? Click here.
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