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U.S. President Biden’s Inflation Reduction Act will be providing up to $8,000 in rebates for an upgrade of the American households’ home appliances. The rebates will be part of the $150 million infrastructure rebate of the federal government.
![Inflation Reduction Act [Photo: Yahoo News]](https://s3.us-west-1.amazonaws.com/southarkansassun.com/2023/01/33164d193966a5918fea1d0cfea8b2d6-1.jpg)
Inflation Reduction Act [Photo: Yahoo News]
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Who is eligible for these rebates?
According to Blake, to be eligible for these rebates, an applicant must earn an income of 80% to 150% or lower of the median income of their area. If the income is between 80% to 150%, only 50% of the cost will be covered by the rebates. However, if the percentage is lower, the rebates will cover the cost entirely. However, there will be a limit of $14,000 per household.
Furthermore, if a household’s switch decreases energy use by 20%, the household will be eligible for $2,000. Those who decrease their energy by 35% or more will receive $4,000. The rebate covers items such as panel upgrades, heat pumps, and heat pump water heaters. Those upgrade appliances to clothes dryers, electric stoves, and insulation can also be eligible.
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