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$4.28 billion High Efficiency Electric Home Rebate Program
Low Income (<80% Median Income) $8000 for Heat Pump Systems
- No Cash out of pocket, paid from state agency
Medium Income (80% to 150% Median Income) $8000 for Heat Pump Systems
- Customer pays contractor for system, 50% rebate paid from state agency up to $8000
(The language in the bill allows for the rebates to take effect at the point of sale.)
High Income (150%+ of Median Income) $2000 Tax Credit (30% of Installed Price)
Solar 30% of total price no cap
Here are the caps on rebates for other upgrades made via the HEEHRA program:
- $1750 for a heat pump water heater
- $8000 for a heat pump for space heating and cooling
- $840 for electric stoves, cooktops, ranges, ovens and electric heat pump clothes dryers
- $4000 for an electric load service center upgrade
- $1600 for insulation, air sealing and ventilation
- $2500 for electric wiring
There is a $14000 cap on the dollar amount of rebates offered under the program. For instance, low-income homeowners can get up to 100% of electrification projects covered – up to the cap of $14000 in rebates – while middle-income consumers can get up to 50% of their costs covered by the rebates (also up to that $14000 cap).
Get a tax credit of 10% of cost up to $500 or a specific amount from $50-$300 on certain system installations. Must be within an existing home and your principal residence. New construction and rentals do not apply.