IRA'S home efficiency rebates are "first-of-its-kind"
In her role as chief policy officer for the Building Performance Association, AnnDyl President & CEO Kara Saul Rinaldi participated in a press call about the new home efficiency rebates that states can offer their residents as part of the Inflation Reduction Act. As CNBC reports, these rebates could cover up to $14,000 or more.
It's a first-of-its-kind program. We've never had federal rebates like them before.
Kara Saul Rinaldi, President and CEO of AnnDyl Policy Group
Consumers may soon be able to access $14,000 or more of federal rebates for making energy-efficient upgrades to their home.
But just how soon will vary by state — and some may opt not to make the funds available at all.
The rebates are part of the Inflation Reduction Act, which earmarked $369 billion in spending for policies to fight climate change, amounting to the biggest piece of climate legislation in U.S. history. President Joe Biden signed the measure into law in August 2022.
The IRA devotes a total of $8.8 billion for two initiatives: the Home Efficiency Rebates program (which offers up to $8,000) and the Home Electrification and Appliance Rebates program (up to $14,000).