Qualified Black Homeowners Can Expect Energy Rebates This Year

brown brick house with solar panels on roof
Alyssa Guzik
May 30, 2024

Back in 2022, Congress passed the Inflation Reduction Act. The Act included a groundbreaking initiative offering rebates for home energy efficiency investments. This strategic move aimed to mitigate the impact of rising inflation and encourage sustainable practices within the residential sector.

The Act allocated $8.8 billion for homeowners who make energy-efficient home investments. Everything from new energy-efficient windows to Energy Star appliances and solar panels was a qualifying investment.

The U.S. Department of Energy approved the first application for the state of New York on April 18. This approval allows the state to issue up to $158 million in rebates to qualifying residents. Eleven other states have also applied; the deadline is August 16, 2024.

Qualified homeowners can expect rebates to roll out within several months. Households can see up to $14,000 or more in rebates depending on how each state has designed its rebate programs. Households that want to participate in these programs are urged to contact their state’s energy department to see if they qualify.

By incentivizing individuals to update their homes with energy-efficient appliances, insulation, and renewable energy sources, the government could simultaneously reduce energy consumption nationwide and lower utility costs for homeowners.