The US Department of Energy has announced that US states and territories can apply for more than $8.5 Billion in funding for residential energy efficiency and electrification. The funding comes from a pair of programs in the Inflation Reduction Act (IRA). Priority will go to homes that can save the most energy, with more than half the funding targeting low-income households.
DOE’s Home Efficiency Rebates Program will offer $4.3 Billion in formula grants to state energy offices for whole-home energy efficiency upgrades in single-family and multi-family homes. DOE’s Home Electrification and Appliance Rebates Program will offer $4.28 Billion to fund electrification appliances in single-family and multi-family homes.
Typical home improvements could include: upgrading home insulation, installing heat pumps, and purchasing ENERGY STAR appliances. Read the full story here.