First Group of States Apply for Landmark Home Energy Rebates Funding to Lower Energy Costs
January 17, 2024
Four states — California, Hawaii, New Mexico and New York — are the first to submit funding applications for the U.S. Department of Energy’s (DOE) Home Energy Rebates program, a historic $8.8 billion investment to lower costs for American families through energy efficiency and electrification thanks to President Biden’s Inflation Reduction Act.
As part of President Biden’s Investing in America agenda, these transformative rebates will help American families lower energy costs by upgrading home appliances, insulating their homes, installing heat pumps, and making additional energy-efficient improvements. DOE estimates the rebates will support more than 50,000 jobs and save Americans $1 billion every year by lowering energy bills.
To benefit disadvantaged communities, states and territories are required to allocate at least half of the rebates to low-income households, defined as those earning 80 percent or less of their area median income. States and territories must also submit plans to ensure these investments are creating good jobs and new opportunities in communities that have been left behind.