The US Department of Energy has launched its Energy Savings Hub, to help American consumers in the market for clean energy or energy-efficient products and upgrades keep track of the tax credits and upcoming rebate programs available to them. You can easily access the DOE Energy Savings Hub at https://www.energy.gov/save. This online one-stop shop provides homeowners, renters, and drivers key information about clean energy rewards available to slash energy bills.
On Aug. 16, 2022, legislators signed the landmark Inflation Reduction Act (IRA) into law. The law includes $391 billion to support clean energy and address climate change, including $8.8 billion in rebates for home energy efficiency and electrification projects.
These home energy rebate programs will help American households save money on energy bills, upgrade to clean energy equipment and improve energy efficiency, and reduce indoor and outdoor air pollution. DOE estimates that the historic home energy efficiency and electrification consumer rebates authorized will save households up to $1 billion annually.
It is up to the individual states to set up programs to distribute many of these rebates, so specifics on how funds will be made available in Arkansas are sparse. Craighead Electric Cooperative will keep its membership informed on this and other opportunities to take control of their energy use.
If you have questions about your energy use, would like to inquire about an in-home energy audit, or are seeking guidance on how to be more comfortable and energy efficient in your home, contact your energy experts at Craighead Electric.