The Inflation Reduction Act of 2022 has introduced two significant rebate programs in California that are relevant to homeowners considering main service panel upgrades. These are the Home Efficiency Rebates (HOMES) and the Home Electrification and Appliance Rebates (HEEHRA).
- HOMES Program: This program is designed to fund whole-house energy efficiency retrofits. The amount of rebate available through this program is dependent on the level of energy savings achieved in the retrofit. For low-income households, the rebate value is enhanced, making it more accessible to a wider range of homeowners.
- HEEHRA Program: Aimed at low to moderate-income households, this program offers point-of-sale rebates for qualified electrification projects. This includes the installation of electric heat pumps, electric stoves certified by the Energy Star program, and potentially electrical panel upgrades as part of a broader electrification project.
The California Energy Commission (CEC) is currently in the process of developing these programs based on guidelines provided by the Department of Energy (DOE). As of early 2024, the CEC has submitted an application for the HEEHRA Program to receive funding and is working on setting up the state’s program. Public workshops and requests for information have been issued to inform the development of these programs.
Additionally, the Inflation Reduction Act offers tax credits for various energy efficiency home improvements. Starting from 2023, homeowners are eligible to claim a 30% tax credit on qualifying upgrades, including electrical panel upgrades. This tax credit aims to make such upgrades more affordable and encourage energy efficiency.
It’s important to note that these programs are still in the development phase, and specific details on how they will be structured or administered are not yet fully available. Homeowners interested in these rebates are advised to keep an eye on updates from the CEC and DOE for the most current information.
For more detailed and up-to-date information, you can visit the California Energy Commission website or the main panel upgrade information site.