NEWS

New York is first state to offer IRA energy-efficiency rebates

June 21, 2024

In keeping with its status as a climate leader, New York has become the first state to launch the IRA’s Home Electrification and Appliance Rebates, or HEAR, program. This program – which AnnDyl Policy Group helped design – provides low- and middle-income households with rebates to reduce or even fully offset the costs of making their homes more energy efficient.

“New York's launch ‘is a milestone,’ said Kara Saul Rinaldi, CEO and founder of AnnDyl Policy Group, a consulting firm focused on climate and energy policy. ‘Over the next year we'll be seeing these programs roll out across America”

This story was originally published by CNBC.com on June 20, 2024.

New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to follow suit by summer’s end.

The rebate programs are part of the federal Inflation Reduction Act, the largest piece of climate legislation in U.S. history, which President Joe Biden signed in 2022.

The law earmarked $8.8 billion for consumers via two Home Energy Rebates programs.

The financial incentives help consumers reduce or fully offset the cost of upgrades to make their homes more energy-efficient, thereby reducing carbon emissions and cutting homeowners’ future energy bills, state and federal officials said.

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