$8000 Federal Energy Rebate Facts!
What is the Inflation Reduction Act $8000 heat pump?
This defines a $4.5 billion rebate program, targeted at low to moderate income homeowners, that includes up to $8,000 in rebates for heat pumps, with additional rebates for electrical panel upgrades and other improvements, with a total cap of $14,000 for all efficiency upgrades per household.
Federal Energy Rebate Program Overview:
Eligibility:
Income eligibility is determined based on the "area median income."
Full rebate: Income below 80% of the area median income.
Half rebate: Income between 80% and 150% of the area median.
System Efficiency:
Eligible systems represent top-tier efficiency in the market.
Cost of High-Efficiency Ducted Systems:
Typically range between $15,000 and $25,000.
Examples for Centre County:
Family of Two:
Income ≤ $65,950: Full $8000 rebate.
Income between $65,950 and $98,925: $4000 rebate.
Family of Three:
Income ≤ $74,200: Full $8000 rebate.
Income between $74,200 and $111,300: $4000 rebate.
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