The federal Inflation Reduction Act (IRA) provides billions of dollars over 10 years to incentivize Americans to make energy-saving upgrades, such as adopting heat pumps, improving insulation, and installing solar panels.
Florida Gov. Ron DeSantis, who dropped out of the presidential race early this year, has backtracked on accepting his state’s share of federal funding for the Home Electrification and Appliance Rebates program.
A marketing expert who specializes in assisting companies that boost energy efficiency in buildings told a webinar audience that contractors should get ready to use Inflation Reduction Act consumer incentives, even if the money is not yet in place.
The money, through the Inflation Reduction Act’s Home Electrification and Appliance Rebates program, is for direct-to-consumer rebates for the purchase of qualifying high-efficiency HVAC equipment, including up to $8,000 for a heat pump.
As heat pump technology advances and begins its march into colder climates, industry experts are expecting rooftop units to continue to gain popularity in both new construction and retrofits.
The Florida Legislature’s budget plan for the next fiscal year reinstates federal rebate money for high-efficiency home HVAC equipment and energy-saving upgrades. The governor’s office said he is reviewing the budget.