Grants will be awarded to State energy offices and Indian Tribes to establish a “high efficiency electric home rebate program”, which will provide rebates to eligible entities
and their qualified electrification projects
Grant allocator: Department of Energy
Eligible recipients: Low- or moderate-income household (a household with a total annual income less that 150% of the median income in which the entity resides); an individual or entity that owns a multifamily building where 50% or more of the residents are low- or moderate-income; governmental, commercial, or non-profit entities carrying out qualified electrification projects on behalf of the eligible recipients listed above
Allows households to deduct from their taxes up to 30% of the cost of upgrades to their homes, including but not limited to installing heat pumps, breaker boxes, insulation,
windows, water heaters. Improvements to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders can qualify.
Grant allocator: Internal Revenue Service
Eligible projects: Any improvement to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders which is installed in a manner consistent with the National Electric Code, has a load capacity of not less than 200 amps and is installed in conjunction with any qualified energy efficiency improvement or any other qualified energy project
Extends and expands residential energy efficient property credit, now Residential Clean Energy Credit
Grant allocator: Internal Revenue Service
Elibile projects: Credit is commonly used for residential solar projects. Applicable expenditures include qualified solar electric property, solar water heating property, small wind energy, geothermal heat pump, biomass fuel property, and extends credit to battery storage technology starting in 2023.
Elibile projects: Credit available for single-family and manufactured homes constructed to Energy STAR Residential New Construction or the Manufactured Homes Program; credit available for single-family and manufactured homes when they are certified as a DOE Zero Energy Ready Home