Rebates will help multifamily owners electrify with energy-efficient upgrades.
CA Unveils $80M Rebate Program to Electrify Homes, Multifamily
Key Takeaways
- California’s new $80M rebate program offers incentives for low- and moderate-income homeowners and multifamily building owners to electrify their properties.
- Rebates range from $700 to $8K per unit for multifamily housing and up to $8K for single-family homes, depending on household income.
- The program supports California’s broader push to reduce greenhouse gas emissions and improve climate resilience by decarbonizing buildings.
According to KTLA, California has launched an $80M rebate initiative to encourage energy-efficient upgrades in homes and multifamily buildings, part of the state’s ongoing efforts to decarbonize its building sector.
Program Details
The California Energy Commission, in partnership with the U.S. Department of Energy, announced the program, which focuses on reducing reliance on fossil fuels in residential buildings by promoting the use of electric appliances such as stoves and in-unit heat pumps.
Applications are now open for multifamily property owners or managers seeking rebates, while single-family homeowners will soon be able to apply.
Rebates for All
The rebate program is specifically designed for low- and moderate-income residents. For multifamily properties, rebates range from $700 to $8K per unit, with a maximum of $14K per unit, depending on the residents’ income level.
Single-family households can receive between $4K and $8K, with the higher amounts reserved for those earning 80% or less of the area’s median income.
Part of a Larger Push
This initiative aligns with California’s broader goals to reduce greenhouse gas emissions and promote climate resilience. With many buildings still relying on fossil gas for heating and cooking, electrification is seen as a key strategy to lower carbon footprints across the state.
Governor Gavin Newsom highlighted the dual benefits of saving residents money while taking significant steps toward fighting climate change. Federal support from the Biden-Harris Administration’s Inflation Reduction Act made this possible.
The rebate program is one of many steps California is taking to lead the nation in energy-efficient and climate-conscious building practices, ultimately aiming for a greener, more sustainable future.
Source: CRE Daily
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