Incentives and Costs
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Save up to $2,500
Depending on income
For low-income households (under 80 percent of Area Median Income), the Electrification Rebates cover 100 percent of your electrical wiring costs up to $2,500. For moderate-income households (between 80 percent and 150 percent of Area Median Income), the Electrification Rebates cover 50 percent of your electrical wiring costs up to $2,500. The rebates may be implemented differently in each state, so we cannot guarantee final amounts, eligibility, or timeline. And without additional appropriations from Congress, the rebate programs will end once their initial IRA funding is exhausted.
Total Electrification Rebates discounts across all qualified electrification projects are capped at $14,000.
All the details
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How does it work?
Along with your electrical panel, electrical wiring is a critical enabling step for whole-home electrification. While some electric appliances — including 120V heat pump water heaters and 120V window-unit heat pumps — can plug into a normal outlet, many others require 240V connections. This is especially important for EV chargers, induction stoves, and most heat pumps and heat pump water heaters.
If you’re upgrading your panel, or hiring an electrician for one electrification project in your home, that’s a great time to install additional dedicated circuits and outlets for appliances you might want to electrify in the future. Then, when your next fossil fuel appliance needs to be replaced, the circuit and wiring will be ready to go and you will save money and time because you won’t need to hire an electrician.
How will it save me money?
Upgraded wiring itself won’t save you money, but it will enable other upgrades — like heat pumps and electric vehicles — that will save you money!
Why is it better for the environment?
Same deal as above. Upgraded wiring itself isn’t better for the environment, but it will enable other upgrades — like heat pumps and electric vehicles — that are!