With the passage of the Inflation Reduction Act, there has never been a better time for consumers to invest in home electrification. This new law includes more than a dozen incentives for clean energy home purchases, including heat pumps for home heating and cooling, heat pump water heaters and electric appliances like stoves.
These tax credits and rebates will help Americans electrify their homes, reduce our dependence on fossil fuels and get us closer to a future powered by clean, renewable energy—one home at a time.
The Inflation Reduction Act is like a giant toolbox that families can use to lower their energy costs, and take action to make their homes more energy efficient.U.S. Senator Tina Smith (MN)
Watch the clips below on how to electrify your cooking, how to electrify your home heating, cooling and water heater, stories from homeowners who’ve made the switch or watch the full video.
Electrify your cooking
Benefits of electric cooktops and stoves:
- Electric stoves don’t create indoor air pollution like gas stoves.
- Getting rid of gas stoves reduces reliance on methane gas which contributes to climate change.
- Induction stoves are fast and efficient—many have a “quick boil” feature (quicker mac and cheese for hungry kids).
- Induction stoves have improved and many chefs now swear by them.
Things to know about electrifying your cooking:
- Prices can be higher for induction cooktops, but the Inflation Reduction Act includes money (up to $840) to help consumers pay for electric or induction cooktops, ranges and stoves.
- You may need to update your electrical panel, but these costs may also be covered by the Inflation Reduction Act.
Electrify your heating, cooling and home water heater
Benefits of heat pumps and heat pump water heaters:
- Heat pumps and heat pump water heaters are incredibly efficient, and can help you use less energy and save on your utility bills.
- In addition to heating your water, a heat pump water heater also air conditions the room and works as a dehumidifier.
- Getting rid of your gas furnace and/or water heater reduces our reliance on methane gas, which contributes to climate change.
Things to know about getting a heat pump and/or heat pump water heater:
- Find a contractor who knows about and is excited about heat pumps.
- Depending on your income level, you could get up to $8,000 off the cost of a heat pump, and up to $1750 off the cost of a heat pump water heater through the Inflation Reduction Act.
To learn more about heat pumps and the incentives available, see:
These machines are the tools that will allow each of us to do our part to solve the climate crisis. They will also power new and cleaner industries, create good-paying careers, and improve everyone’s daily lives.U.S. Senator Martin Heinrich (NM)
“It’s definitely worth it, given how long these appliances last.”
—Heather Payne (New Jersey)
“I took a stepwise approach. I invested in solar, took the savings to invest in an EV, took the savings from the EV to get the charger … then I did a cooktop. I’m using the rebates and trying to pay myself forward if you will with the energy savings.”
—Susan Alvarez (Texas)
“Figuring out your home insulation is a great first step. Before we did any of this we insulated our floors … I was amazed at how much of a difference that made.”
—Emily Rusch (California)
“I had to make a few calls before I could find someone who was excited to sell me a heat pump water heater. … don’t take no for an answer … this is proven technology. It’s good for the planet. It will save you money in the long run. ”
—Luke Metzger (Texas)
Thank you for reading. Now, we have a small favor to ask.
We stand up for the environment, and it’s people like you who make it all possible. Our staff research the issues, educate the public, and win tangible results for a greener future. Our members put grassroots support behind our research and advocacy.
Now more than ever your support can make a difference. As threats to the planet grow, our work becomes more important every day. Every contribution to Environment New Mexico Research & Policy Center, a project of Environment America Research and Policy Center, a 501(c)(3) organization, powers our research, fuels our advocacy, and sustains our future.