Home Efficiency Projects That Qualify For IRA Rebates
September 1, 2022
Just last month the Inflation Reduction Act was passed, giving homeowners new opportunities to save money through making their homes more energy-efficient. Keep reading for more info!
The Inflation Reduction Act & Homeowner Rebates
The Inflation Reduction Act (or IRA) will allocate about $370 billion for energy- and climate-related programs, as well as provide money-saving opportunities through homeowner rebates. About $9 billion of the IRA fund will be specifically allocated for these energy rebates. For qualified electrification projects, homeowners will be able to receive these rebates at a time when many Americans are short on funds.
Qualified projects include, but aren’t limited to:
- Converting to a heat pump water heater
- Converting to a heat pump HVAC system
- Converting to electric load service panels
- Installing electric appliances
- Insulating and sealing their house
- Repairing wiring
These homeowner rebates, offered through the High-Efficiency Electric Home Rebate Program, will be available through September 31, 2031. If you don’t qualify for the rebates, (there are other specific requirements related to household income, as well as a rebate cap) the IRA will grant tax credits for certain projects like heat pump installation and installing new windows or doors—projects that will save energy!
Introducing the Shipshape Solution
“Homeownership is already too expensive, and poor maintenance and wasted energy are a significant cause. This solution is designed to save homeowners thousands of dollars over the life of the HVAC system and promote positive community impact.” —Shipshape Founder & CEO, Alexander Linn
Many Americans over the years have been resistant to energy-saving upgrades in their home. Are the upgrades really worth it? Will it actually save you a significant amount of money? Will it have a real impact? The answer to all of these questions is a resounding yes, and the IRA will encourage these upgrades even further.
The standard HVAC system is complicated and, if we’re being honest, needs a lot of babysitting! Without regular monitoring and maintenance, it won't operate efficiently and can cost you thousands in unexpected repairs. They account for 43% of total home energy use for the average American household, meaning that when they don’t work properly, they have a huge financial and environmental impact.
With Shipshape’s Pro HVAC Solution, you can accurately monitor your HVAC system’s performance, avoid unexpected repair costs, and make sure it’s working as efficiently as it should. Because HVAC system upgrades are included in the Inflation Reduction Act, now is the perfect time to invest in a more energy-efficient, money-saving system.