US Rebates for Energy-Efficient Appliances Are Coming, Finally
California, Hawaii, New Mexico and New York are getting ready to offer Inflation Reduction Act incentives for heat pumps, induction stoves and other devices.
An electric induction stove cooktop.
Photographer: Patrick T. Fallon/AFP/Getty Images
Remember the US Inflation Reduction Act’s lucrative rebates for heat pumps, induction stoves and other high-efficiency electric appliances? If you don’t, it might be because the money from that particular slice of the 2022 climate law has yet to begin flowing. But a payday is finally in sight, at least for a handful of US states.
California, Hawaii, New Mexico and New York have submitted applications to the Department of Energy (DOE) for state programs to deduct IRA rebates from the purchase price of certain appliances designed to replace fossil fuel furnaces, water heaters and stoves. Several other states are expected to follow suit in coming months.