The Department of Energy has announced a funding program to make $8.5 billion available for homes to reduce their energy costs. The program, enabled through the Inflation Reduction Act, is designed to help US households save money on insulating their homes and installing energy-saving appliances. These funds will be made available through grants that will trickle down to state governments.
The Department of Energy has released guidance and opened applications for the new program. Rebates will only be available once states complete the application process and receive funding.
To learn more about the program, click here.
Additionally, Rewiring America has released an Inflation Reduction Act (IRA) Calculator Widget that offers personalized information about the tax credits/grants and forthcoming upfront discounts provided by the 2022 Inflation Reduction Act. The IRA Calculator Widget may be embedded on your chapter or company website so visitors can access a clear guide to IRA incentives alongside your content. Users of the widget enter their zip code, household size, income, tax filing, and homeowner status to see a summary of the total incentives available. The widget details each potential project and how to claim the credit or rebate. Visit https://embed.rewiringamerica.org to access the third-party calculator package, register for an API key, and view complete documentation and examples. The underlying calculator functionality is available in a lower-level API suitable for integration into other websites and apps. To sign up, visit https://www.rewiringamerica.org/api.