Home improvement projects are getting a big boost!
There will be $4.3 billion in funding for the State Energy Offices to distribute to homeowners to make their homes more energy efficient. The allowance applies to energy retrofits, new appliances, solar and battery storage systems, and EV charging!
High-Efficiency Electric Home Rebate Act
Or HEEHRA is a voluntary program that covers 100% of electrification project costs up to $14,000 for low-income households and 50% of project costs for moderate-income households. Formerly known as the Zero-Emissions Homes Act (ZEHA), the HEEHRA qualifies electrification projects such as heat pumps for HVAC and water heating, electric stoves and cooktops, upgrading electric panels, and insulation and ventilation. The program applies to purchasing equipment and installation costs, acting as off-the-top discounts.
Implementing retrofits that reduce the home’s energy usage by 35%, such as insulation, is eligible for up to $8,000 in rebates or 80% of the project cost, whichever is less. Efficiency upgrades that reduce energy usage between 20-35% cap out at $4,000.
Installing a level 2 charger sometimes requires more room than the existing electrical panel has. Other times, the panel needs to be upgraded because it’s too old or not rated appropriately to account for the new load of charging an EV. Homeowners can receive up to $4,000 to upgrade their electric panel under the HEEHRA.
Electrical Panel Upgrade
As stated earlier, if you need to upgrade your panel for EV charger, solar, and battery, you can qualify for a $4,000 rebate.
A $2,500 rebate for electrical wiring upgrades will be available. This is essential for homes with old knob and tube wired homes that require upgrades alongside their electrical panel.
An Energy Efficient Nation
With modern, electrified furnaces and water heaters, at least 85% of households in the US (about 103 million homes) could save $37.3 billion a year on energy bills. Current homes using electric resistance, fuel oil, or propane would save on average $496 per year making the switch. The HEEHRA will be available until September 31st, 2031. Now, homeowners in the US have the most help ever seen to electrify their world. From energy generation, storage, and use, NWES can help you manage your electricity and achieve energy independence! Inquire today about any of our services.