Unlock Energy Savings with the Latest Incentives: IRA 2022 Electrification Rebates & Tax Credits

Hello, I’m Juan Jose Cervantes, a licensed Realtor with Coldwell Banker Realty, and I have some exciting news to share! As of today, October 23, 2024, I’ve completed my training and achieved the NAR’s GREEN Designation, also, I want to introduce a fantastic opportunity for homeowners to save on energy-efficient home improvements. Thanks to the “Inflation Reduction Act” (IRA) of 2022, there are incredible rebates, tax credits, and grants available that make it easier and more affordable to upgrade your home’s energy systems.

By achieving my NAR Green Designation, I’m able to help guide homeowners through these new programs and make the most of them to increase home value, lower utility bills, and reduce environmental impact.

 Key Incentives Available for Homeowners

The IRA 2022 offers two main rebate programs aimed at helping homeowners transition to energy-efficient systems:

1. High-Efficiency Electric Home Rebate Act (HEEHRA): This program provides up to $14,000 in rebates for electrification upgrades in low- and moderate-income households. Here’s a breakdown:

– Up to $8,000 for heat pumps
– Up to $1,750 for heat pump water heaters
– Up to $840 for electric stoves or clothes dryers
– $4,000 for electrical panel upgrades
– $2,500 for rewiring
– $1,600 for weatherization

For households earning up to 80% of the Area Median Income (AMI), these rebates can cover 100% of the costs for qualifying electrification projects. If your household earns between 80-150% of AMI, the program covers 50% of the costs.

2. HOMES Rebate Program: This program is designed to reward energy-efficient retrofits that save energy, based on actual or modeled savings:
– Up to $4,000 for projects reducing energy use by 35% or more.
– Up to $2,000 for projects with 20-34% energy savings.
These incentives can be particularly helpful for those who don’t qualify for the full HEEHRA benefits.

Federal Tax Credits: More Savings for Home Improvements

In addition to rebates, the IRA extends and enhances tax credits for energy-efficient home improvements through 2032. You can get a 30% federal tax credit for upgrading to ENERGY STAR-certified appliances, such as:

– $300 for air-source heat pumps
– $300 for heat pump water heaters
– Up to $500 for energy-efficient windows and doors
– 10% of insulation costs (up to $500)

These credits can significantly reduce the upfront cost of home improvements, especially if you’re looking to improve your home’s energy efficiency by upgrading your HVAC system, windows, or insulation.

How to Access Rebates and Credits: The Switch Is On

To make it even easier to access these incentives, I’m excited to introduce The Switch Is On campaign. This user-friendly platform allows you to enter your zip code and instantly find available rebates, tax credits, and local contractors who can help you complete these upgrades.

Simply visit the The Switch Is On website, enter your zip code, and discover all the financial support available for making energy-efficient upgrades to your home. Whether you’re planning on replacing your gas stove with an electric one, upgrading your water heater, or improving insulation, this resource will guide you through the process and connect you with the right professionals.

Start Saving Today!

There’s never been a better time to make your home more energy-efficient. Whether you’re looking to reduce energy bills, increase your home’s value, or do your part to protect the environment, these incentives can help you get there. As a Realtor with a NAR Green Designation, I’m here to guide you through every step of the process, from understanding the available rebates to connecting you with contractors and making the most of these opportunities.

If you have any questions or need assistance, don’t hesitate to reach out. My cell is (510) 4853893 or (650) 200-0852. Let’s make your home greener, more efficient, and more valuable together!

Feel free to contact me for personalized guidance, and visit The Switch Is On to get started.

So #CALIFORNIA if  you want a piece of $369 Billion dollars for #electrification and upgrades to your home?

THIS IS NOT CLICK BAIT.

Again, simply search “the switch is on” on your computer or smart phone. Scroll down and type in your zip code, there you can see all the rebates grants and credits. Its that’s simple!

#GotRealEstate