What the Inflation Reduction Act Means for You – Tax Credits and Rebates (IRA)

The HOMES rebate program will reimburse homeowners $2000-$8000 for whole-house energy improvements to encourage families to save energy. The rebate program offers $4000-$8000 or 80% of project cost to low- and middle-income households and $2000-$4000 or 50% of project cost to high income households if you cut energy usage from 20%-35% or more. HOMES rebates are based on performance of energy savings measured by a threshold of either 20% modeled savings (pre-upgrade) or 15% measured savings (post-upgrade). The more energy you save, the bigger the rebate and low to moderate income families qualify for double the rebate ($8000 max) as well as 80% of project costs. Everyone qualifies for the HOMES rebate program, however, low and median income households can earn more cash back