Low/Middle Income Housing Groups

Government funding from the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA) focuses on supporting low—and middle-income housing and rental groups by allocating resources toward affordable housing initiatives and infrastructure improvements. These government funds help to promote economic stability, reduce homelessness, and create opportunities for individuals and families to thrive.

THE PA REBATES ARE EXPECTED TO BE AVAILABLE IN LATE 2024.

DOE Home Energy Rebates

The DOE Home Energy Rebate Program offers financial incentives to American households for implementing energy-efficient home improvements. Funded by the Inflation Reduction Act, this program aims to lower energy bills and reduce greenhouse gas emissions by promoting the adoption of energy-efficient appliances, insulation, HVAC systems and other home upgrades.

These rebates are divided into two programs, HEEHRA and HOMES, which are described below.

High-Efficiency Electric Home Rebate Act (HEEHRA)

THE PA REBATES ARE EXPECTED TO BE AVAILABLE IN LATE 2024.

Each state will decide how to implement HEEHRA within the overall federal guidelines, so stay tuned for guidelines from your state. It provides financial incentives to low—and moderate-income households to make it more affordable to invest in energy-efficient appliances, ultimately reducing costs, increasing home comfort, promoting energy conservation, and combating climate change.

This is accomplished through point-of-sale consumer rebates that can cover up to 100% of electrification project costs up to a max of $14,000. Income limits are based on area median incomes (AMI); those making below 80% of AMI can receive 100% of project costs, and those between 80% and 150% of AMI can receive 50% of project costs. Qualified electrification projects include heat pump HVAC systems, heat pump water heaters, electric stoves and cooktops, heat pump clothes dryers, and enabling measures such as upgrading circuit panels, insulation, air sealing, ventilation, and wiring. Project costs will cover both purchase and installation costs. And notably, these point-of-sale rebates will act as off-the-top discounts when a household makes the purchase.

Learn more at https://www.rewiringamerica.org/policy/high-efficiency-electric-home-rebate-act.

IRA Savings Calculator - Input your specific information to find out if you qualify and for what:

https://www.rewiringamerica.org/app/ira-calculator

HOMES Energy Efficiency Rebate

THE HOMES PROGRAM'S PRIMARY BENEFICIARY IS MULTI-FAMILY BUILDINGS. THE PA REBATES ARE EXPECTED TO BE AVAILABLE IN LATE 2024.

The HOMES (Home Owner Managing Energy Savings) rebate is based on whole-house energy savings from weatherization and electrification improvements. It is most useful when many projects are undertaken at once to make a house more energy efficient. Homeowners can receive up to $8,000 based on the energy saved. All income limits qualify, although it is at a reduced amount if your income is above 80% of your area median income. Homeowners above 80% AMI can receive up to $4,000 or 50% of the cost of a home retrofit that lowers energy consumption by 35%. Eligible purchasers will receive rebates at the point of sale. Pennsylvania’s Energy Program Office will implement the rebate program and will determine who qualifies.

If you would like to learn more, click here: https://www.energy.gov/scep/home-energy-rebates-programs.

IRS Tax Credits

25C: This credit applies to qualified energy-efficient improvements to existing homes, such as heat pumps, water and air systems, insulation, windows, doors, EnergyStar appliances and upgrades, and specific HVAC systems, covering 30% up to $3,200/year. Generally, 30% of the cost of new improvements with a $2,000 annual cap for heat pumps and biomass stoves and a $1,200 cap for all other improvements. Claim the credit for improvements made from 2023 through 2032 on your yearly tax return.

25D: This credit covers up to 30% of installing renewable energy systems in new and existing homes, such as solar panels, small wind turbines, and geothermal heat pumps. Homeowners can claim the credit on their tax returns, for purchases from 2022 through 2034.

30D (new)/25E (used): Buying a new electric vehicle provides a credit of up to $7,500. Income cannot exceed $300,000 for married couples or $150,000 for single filers. Buying a used EV, at least two years old, offers a credit of up to $4,000 or 30%. Income cannot exceed $150,000 for married couples or $75,000 for single filers. The credit is claimed on the annual tax return. In 2024, buyers can transfer credits to dealers to reduce the vehicle's purchase price.

Check eligibility at: nhtsa.gov/vin-decoder.

Chart for Tax Credits:

https://www.climaterealityproject.org/sites/default/files/2023-06/IRA-Tax-Credits-Households.pdf

Weatherization Assistance Program (WAP)

Pennsylvania’s Weatherization Assistance Program increases energy efficiency in homes by reducing energy costs and increasing comfort while safeguarding health and safety. This program is for low-income individuals (at or below 200% of the federal poverty level), with priority given to higher-risk residents such as the elderly, disabled individuals, families with children, and high energy. users.

If you are an individual or household, find the weatherization agency that serves your county.

WAP Fact Sheet: https://dced.pa.gov/download/weatherization-assistance-program-factsheet/?wpdmdl=93099

LIHEAP

The Low Income Home Energy Assistance Program (LIHEAP) provides financial assistance to low-income households in the United States to help cover the costs of heating and cooling their existing homes. Administered by the Department of Health and Human Services, LIHEAP offers grants to eligible households to offset energy expenses during extreme weather conditions. LIHEAP helps pay heating bills in the form of a cash grant. Households experiencing a heating crisis may be eligible for additional benefits.

Apply for LIHEAP

https://www.compass.state.pa.us/compass.web/Public/CMPHome

PECO Customer Assistance Program

https://www.peco.com/my-account/customer-support/assistance-programs/cap-rate

Also, check into these links https://www.dhs.pa.gov/Services/Assistance/Pages/CAO-Contact.aspx

Resources