WASHINGTON, D.C. —The state of New York was awarded $158 million in initial funding Thursday for the residential energy-efficiency rebates included in the federal Inflation Reduction Act (IRA). New York became the first state to have its funding application approved by the U.S. Department of Energy (DOE).
The money, through the IRA’s Home Electrification and Appliance Rebates program, is for direct-to-consumer rebates for the purchase of qualifying high-efficiency HVAC equipment, including up to $8,000 for a heat pump. A DOE spokeswoman said New York should have the rebates available to consumers by this spring or summer.