Are you eligible for IRA rebates?
Written By Ian Medina | Published October 15, 2024
What are the IRA & HEEHRA Rebates?
The Inflation Reduction Act (IRA) and High-Efficiency Electric Home Rebate Act (HEEHRA) are launching soon, providing homeowners with an exciting opportunity to make their homes more energy-efficient while benefiting from significant financial incentives. Passed in 2022, the IRA allocates billions toward helping homeowners reduce energy consumption by upgrading to efficient, environmentally-friendly appliances and systems. HEEHRA is one of the key rebate programs created under the IRA, specifically designed to support low- and moderate-income households.
HEEHRA will cover a large percentage of the costs involved in replacing older electric resistance and gas appliances with new, energy-efficient alternatives like heat pumps. In California, the first phase of HEEHRA funding will focus on ENERGY STAR-qualified heat pumps to replace gas heating systems. This marks a significant step forward in helping homeowners transition to cleaner, electric home heating and cooling systems. A second phase of funding is expected to expand the program to include other upgrades in the near future.
How can I qualify for the rebates?
To get started, there are three simple steps. First, homeowners need to verify their income. Households earning below 80% of the Area Median Income (AMI) qualify for Tier 1 rebates, which can cover up to $8,000 of the upgrade costs. Those earning between 80% and 150% of the AMI qualify for Tier 2 rebates, which can provide up to $4,000 in financial assistance. Income verification can be done either through categorical verification (enrollment in assistance programs like Medicaid, SNAP, or LIHEAP) or through standard income documentation such as tax returns or pay stubs.
Once income is verified, the next step is to ensure that the equipment you plan to install meets the program’s efficiency standards. Only ENERGY STAR-certified systems are eligible for the rebate, and Electrify My Home can assist you in selecting the right system from trusted brands like Mitsubishi, Bosch, or Fujitsu. These heat pumps are required to meet specific performance criteria to qualify for the rebates, ensuring that homeowners are upgrading to systems that deliver both energy savings and improved environmental performance.
Next Steps
Finally, with demand for these rebates expected to be high and funding limited, it’s essential to act quickly. Electrify My Home has limited availability, with only 40 slots open for those looking to take advantage of IRA and HEEHRA funding. By contacting us now, you can secure your spot and begin the process of making your home more efficient, eco-friendly, and cost-effective to run.
In a world where climate change is a growing concern, these rebate programs offer a win-win solution for homeowners looking to reduce both their carbon footprint and energy bills. Electrify My Home will guide you through the process from start to finish, ensuring that you maximize your rebate and find the right energy-efficient solutions for your home. If you’re ready to take the next step toward a more sustainable future, reach out to Electrify My Home today before these rebate opportunities run out!
