By: Nate Kinsey
In the coming days, the US Department of Energy (DOE) is expected to release highly-anticipated guidance governing two of the Inflation Reduction Act’s cornerstone programs: the HOMES rebate program and the HEEHRA rebate program.
These Home Energy Rebate Programs have a combined budget of approximately $9 billion and are central to achieving President Biden’s climate, economic, and equity goals. Via funding distributed to state governments, they will provide financial incentives to invest in electrifying homes and making them more energy efficient.
How the programs will be structured and administered can make a big difference in their ultimate impact. Here are three things I’m looking for in the forthcoming guidance: