Jul 28, 2023

US launches $8.5 billion in rebates for home energy efficiency

Posted by in categories: business, employment, energy, government

WASHINGTON, July 27 (Reuters) — The Department of Energy said on Thursday it is accepting applications from states and territories for $8.5 billion in rebate programs for upgrades in U.S. homes that aim to lower energy bills and increase energy efficiency.

The rebates for items including insulation, heat pumps, and efficient appliances will be available to consumers after states and territories apply for and get funds from the department. The two rebate programs were funded by President Joe Biden’s Inflation Reduction Act that fellow Democrats in Congress passed last year without a single Republican vote.

The rebate programs will save up to $1 billion a year in energy costs and support about 50,000 jobs in construction, manufacturing and other businesses, the department said.

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