President Biden signed the Inflation Reduction Act of 2022 (IRA) into law on August 16. The IRA aims to reduce inflationary pressures through a variety of government programs.
As a part of this spending package, $369 billion has been ear-marked for clean energy sources and technologies that improve energy efficiency. This means tax incentives for home owners who install heat pumps.
Rebate information provided is subject to change and while we will make best attempts to provide accurate, current information, as the programs are offered by third-parties, we invite all customers to do their own research.
| Electrification Project | Maximum Benefit |
|---|---|
| HVAC Heatpump | $8,000 |
| Electrical Service Upgrade | $4,000 |
| Heatpump Waterheater | $1,750 |
| Income Classification | Requirements |
|---|---|
| Low-Income Household | Less than 80% of your area’s median family income |
| Moderate-income households | 80% to 150% of your area’s median income for families |
The Biden administration signed the Inflation Reduction Act of 2022 (IRA) into law on August 16. The IRA includes an extended rebates program for heat pumps.
The High Efficiency Electric Home Rebate Act (HEEHRA) is the official name of the IRA’s heat pump incentive program.
HEERHA is a part of the Inflation Reduction Act of 2022.
The rebate helps cover costs to electrify homes in low- to moderate-income households.
Qualifying households below or close to median incomes can save up to $14,000 on electrification measures.
The terms & conditions for this program will be announced in the Spring of 2023 by the Department of Energy (DOE).
This information is for reference only and will be subject to change.
