Why switch from gas to electric and induction cooking? Rebate programs will be managed by individual state offices and are expected to begin rolling out by late 2024, at the earliest. Depending on your eligibility, the rebates could cut thousands of dollars off the cost of purchasing and installing electric appliances over the next decade. “It really is a transformative deal,” he explained. The Home Electrification and Appliance Rebates program will help shift more people away from gas-powered home appliances, said Ari Matusiak, chief executive officer of Rewiring America, a nonprofit research and policy group focused on energy efficiency. It may also change how people cook and do laundry: The bill sets aside $4.5 billion for the first-ever federal consumer rebates on electric appliances such as ranges, ovens, cooktops, and heat-pump clothes dryers. The Inflation Reduction Act (IRA)-the biggest climate bill in US history-is helping push more Americans toward solar panels, electric vehicles, and renewable energy sources.
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