How does it work?
The Efficiency Rebates (HOMES) are designed to reward energy efficiency retrofits that are modeled to achieve or have achieved verifiable minimum energy use reductions. The incentive tiers are as follows:
- Retrofits with modeled energy system savings of 35 percent or more: the lesser of $4,000 or 50 percent of project costs
- Retrofits with modeled energy system savings of 20-34 percent: the lesser of $2,000 or 50 percent of project costs
- Retrofits with measured energy savings of 15 percent or more: a payment rate per kWh saved up to $2,000 for a 20 percent reduction in energy use
Incentives for low-income households (less than 80 percent of Area Median Income) are doubled, or up to 80 percent of project costs.
The Efficiency Rebates may be most useful for low- and moderate-income households with electric resistance heating, since those households are not eligible for Electrification Rebates (HEEHR). The Efficiency Rebates may also be useful for high-income households who do not qualify for Electrification Rebates. As we learn more about how households will experience this program, we’ll update this page.