Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.
The Department of Energy approved the first state application for federal funding via the Home Energy Rebates program.
The rebates aim to partially or fully offset costs for efficiency projects like installing electric heat pumps, insulation, electrical panels and Energy Star-rated appliances.Their value and eligibility vary according to factors like household income, with more money flowing to low and middle earners.
States must notify the Energy Department they intend to participate by Aug. 16, 2024. Applications are due by Jan. 31, 2025.earmarked $369 billion in spending for policies to fight climate change, the biggest piece of climate legislation in U.S. history. President Biden "I hope that at this time next year we have 50 states with rebate programs," said Kara Saul Rinaldi, CEO and founder of AnnDyl Policy Group, a firm focused on developing solutions involving energy and the environment.
Renters can also take advantage of the program, as long as they communicate to their landlord about the purchase of an appliance, Zelmar said.Conversely, the Home Efficiency Rebates program is technology-neutral, Saul Rinaldi said. The program is available to all households, regardless of income. Low earners can qualify for the most money, as with the other rebate program.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock’s Fink: Spending in ‘Inflation Reduction Act’ Will Make It Harder to Lower InflationSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Yellen: Pushing Green Energy to Lower Energy Costs ‘Over Time’ Is Key Part of Fighting InflationSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Agriculture Secretary Tom Vilsack discusses potential inflationary pressure from Inflation Reduction ActAgriculture Secretary Tom Vilsack addresses concerns about potential inflationary pressure caused by the Inflation Reduction Act, emphasizing that the funds will be paced and not suddenly injected into the economy.
Read more »
Agriculture Secretary Tom Vilsack Discusses Inflation Reduction Act and EconomyAgriculture Secretary Tom Vilsack addresses concerns about the Inflation Reduction Act and its potential impact on inflationary pressures. He emphasizes that the funds will be distributed gradually over time, leading to a measured impact on the economy.
Read more »
Ag Sec’y Vilsack on Inflationary Pressure from ‘Inflation Reduction Act’ Spending: The Law’s ‘Paced’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Consumers feel pinch as inflation remains elevated for third straight monthOverall inflation was 3.5% in March, compared to the 3.2% as of February.
Read more »