Arkansas receiving millions to improve energy efficiency
JONESBORO, Ark. (KAIT) - Arkansas will receive more than $105 million to improve energy efficiency across the state.
The Department of Energy announced Wednesday, Nov. 2, that President Joe Biden’s Inflation Reduction Act will make nearly $9 billion available for home energy rebate programs.
According to a news release from the DOE, Arkansas will receive a total allotment of $105,172,730.
Of that, $52,739,720 will be used for what it calls home energy performance-based, whole-house rebate allocations (HOME Rebates); the remaining $52,433,010 will be used for high-efficiency electric home rebate allocations.
The HOME rebates will range from $2,000-$4,000 for individual households and up to $400,000 for multifamily homes. Maximum rebates double for retrofits of low- and moderate-income households.
The high-efficiency electric home rebate program, according to the release, includes a $14,000 cap for households.
The DOE expects the funding to be available by Spring 2023 with rebates available to the public later in the year.
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