The HOMES Rebate Program provides federal incentives for residential energy efficiency improvements, with emphasis on home electrification and renewable energy integration. Administered through state energy offices, this program offers rebates of up to $8,000 for qualifying residential energy upgrades completed between 2023 and 2032.
Funding and Eligibility
Congress authorized approximately $4.3 billion for the HOMES program under Inflation Reduction Act provisions. Homeowners must earn no more than 80 percent of area median income to qualify, though some states extend eligibility caps to 150 percent AMI. Properties must be owner-occupied or rental residences.
Qualifying Improvements
Eligible upgrades include air source heat pump installation (up to $8,000 rebate), ground source heat pumps, electric heat pump water heaters, electric panel upgrades, and weatherization measures. All equipment must meet ENERGY STAR Most Efficient or equivalent Department of Energy standards.
Application and Timeline
Homeowners apply through their state’s designated administering agency after obtaining a home energy assessment. The application process typically takes 2 to 6 weeks from submission to approval, with installation deadlines of 12 to 18 months.