Inflation Reduction Act Rebates

The Infrastructure Investment & Jobs Act (IIJA) authorizes $1.2 trillion in infrastructure spending across more than 380 federal programs. The Inflation Reduction Act (IRA) provides $369 billion in funding to support energy and climate initiatives and investments in health and medical programs, using various tax measures and grants.

Status:  Washington State applied for these funds and has been awarded them by DOE in June 2024. Rebates will be available no sooner than early 2025.

Eligibility

• Commerce will target half the rebate funds toward low-income households, defined as those with incomes less than 80% AMI
• Both renters and homeowners qualify
• It is likely that rebates will also be available to households with incomes less than 150% area median income (AMI) and entities that own multifamily buildings primarily serving lower incomes households.

How to apply

• Unlike previous tax credit programs, the IRA rebate will be provided on the front end, through the contractor.  You will realize the benefit of the rebate at the point of purchase.