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Rebates and Incentives

We help you maximize rebates and incentives for a budget and climate-friendly home

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At Elephant Energy, we excel at wrangling rebates and incentives to ensure you get the best value for your home electrification project. Beyond federal incentives like the Inflation Reduction Act, there are numerous state, local, and utility-provided incentives available.

These incentives can significantly reduce the cost of upgrading your home to energy-efficient technologies like heat pumps, induction stoves, heat pump water heaters, and home EV chargers. We specialize in identifying and maximizing these incentives, making your transition to a greener home not only easy, but also budget-friendly.

Get in touch to learn how we can help you leverage rebates and incentives to their fullest extent, ensuring you reduce your carbon footprint and save on energy expenses.

Understanding Rebates & Incentives

We are here to ensure that you can electrify at the lowest cost! We wrangle all of the rebates you are eligible for (from the state, your town, and your utility provider) so you don’t have to worry about it.

The Inflation Reduction Act, which was passed in August 2022, offers many incentives for electric upgrades. If your household income is less than 80% of your area’s median income, you will be eligible to receive 100% of available rebates up to a cap of $8,000. If your household income is 81-150% of your area’s median income, you will be eligible to receive 50% of the available rebates. If your household income exceeds 150% of your area’s median income, you can still receive a 30% tax credit of up to $2,000 on new heat pumps. 

All of our customers have qualified for financial incentives. For Colorado based homeowners, Xcel Energy offers a rebate of up to $2,000 for heat pumps, and many of our customers have qualified for additional city-level rebates, too. For Massachusetts based customers, Mass Save® offers rebates of up to $10,000 for heat pump installations, and will also cover 75-100% of the cost of all approved weatherization work.

 

We are in the process of designing a tool to help you estimate upfront discounts and tax credits for heat pumps, heat pump water heaters, electric stoves, electric wiring, weatherization, electric vehicle chargers, rooftop solar, and more. In the meantime, check out this useful IRA calculator tool from Rewiring America (the leading leading electrification nonprofit in the US).

The High-Efficiency Electric Home Rebate Act (HEEHRA) is the official name of the IRA's heat pump incentive program. This program will provide low- and moderate-income households point-of-sale (upfront) rebates to electrify their homes. 

When it is launched next year (the exact timing is still TBD) it may cover up to 100% of electrification costs for low-income households and 50% for moderate-income households. Qualified projects will include heat pump HVAC systems, heat pump water heaters, electric stoves and cooktops, heat pump clothes dryers, new circuit panels, insulation, air sealing, ventilation, and wiring.

All homeowners are currently eligible for 2023 tax credits from the Inflation Reduction Act. The High-Efficiency Electric Home Rebate Act (HEEHRA) incentives for low and moderate-income households are not yet available, as they are still in the process of being rolled out at the state level. You can stay tuned for updates by signing up for our newsletter.

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