Arkansas HVACR NewsMagazine January 2023

News Magazine January 2023

FEATURE STORY

Second, what’s the Home Energy Performance-Based, Whole-House Rebate Allocations and the High Efficiency Electric Home Rebate Allocations. Well, I am not exactly sure where one stops and the other begins; however, this is a direct quote from https://www.energy.gov/articles/biden harris-administration-announces-state and-tribe-allocations-home-energy rebate • The Home Energy Performance-based, Whole House rebates (HOME Rebates) for: o Rebates for energy efficiency retrofits range from $2,000-$4,000 for individual households and up to $400,000 for multifamily buildings. o Grants to states to provide rebates for home retrofits. ▪ Up to $2,000 for retrofits reducing energy use by 20 percent or more, and up to $4,000 for retrofits saving 35% or more. ▪ Maximum rebates double for retrofits of low- and moderate income homes. • The High Efficiency Electric Home Rebate Program to: Programs that the states will implement include:

We’ve all heard something about the new Federal program that will put contractors on easy street selling / giving heat pumps to folks making 80% of the local median income. Inflation Reduction Act Money, Money, Money by the Pound First, there are billions of dollars available in tax rebates and incentives to everyone for installing high efficiency heat pumps, upgrading electrical, and doing energy efficiency upgrades. Energy.Gov says that Arkansas will receive a total of $105,172,730. That is broken up into $52,739,720 for the Home Energy Performance-Based, Whole-House Rebate Allocations and $52,433,000 for High Efficiency Electric Home Rebate Allocations https://www.energy.gov/articles/biden harris-administration-announces-state and-tribe-allocations-home-energy rebate Well, it is a little more complicated.

o Develop a high efficiency electric home rebate program with $225 million allocated for Tribes.

Table 1. Inflation Reduction Act Rebate Allocations to States

State

Home Energy Performance-Based, Whole-House Rebate Allocations

Whole-House Rebate Allocations

Total

Arkansas

$52,739,720

$52,433,000

$105,172,730