Will the Electrification Rebates reduce upfront costs for consumers? Yes! The rebates’ up-front discounts will cover up to 100 percent of point-of-sale costs, up to a max of $14,000.
Can qualified renters utilize the Electrification Rebates? Yes! Renters may be specifically interested in the rebates for portable appliances like window-unit heat pumps (which should qualify by 2024/2025) and induction cooktops.
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Who qualifies for the Electrification Rebates? The rebates are reserved for low- and moderate-income households. Households can use Rewiring America’s IRA Savings Calculator to determine their eligibility, though final eligibility will be determined by DOE guidance and state implementation.
How will consumers verify their income for the Electrification Rebates? Income verification methods will be determined by DOE guidance and state implementation
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When exactly will the Electrification Rebates be available? Our best guess is that the rebates may start to become available by the end of 2023, but the exact timeline depends on DOE guidance and state implementation plans.
If the Electrification Rebates become available at the end of 2023, will they be retroactive? Because they are point-of-sale, the rebates likely won’t be available retroactively.
What if funding runs out? If funding runs out and is not replenished by additional appropriations from Congress, the rebates will end.
Do the Electrification Rebates have efficiency requirements? Yes. The rebates are applicable only to ENERGY STAR-certified appliances (where such categories exist), including heat pumps, heat pump water heaters, heat pump clothes dryers, and weatherization products.
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Do the Electrification Rebates include contractor incentives? Yes, the rebates include contractor rebates of up to $500 per project.
How can multi-family building owners qualify for the Electrification Rebates? If 50 percent or more of the building is occupied by LMI households, building owners can utilize the rebates up to $14,000 per eligible unit.
Can the Electrification Rebates be stacked with federal tax credits? Yes! The rebates can stack with federal energy efficiency and electrification tax credits (e.g., 25C and 25D).
Can the Electrification Rebates be stacked with other federal grants? Yes, but not for the same single upgrade. However, households pursuing a multi-upgrade retrofit can use the Electrification Rebates for some upgrades and other federal grants or rebates for other upgrades. The Electrification Rebates should also be implemented with the ability to braid into WAP and LIHEAP.
Can the Electrification Rebates be stacked with state programs? The rebates can stack with state programs per state discretion, so households and contractors should consult with their State Energy Offices.
Source: https://t-tees.com
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