Displaying items by tag: home efficiency rebates

The state of Tennessee will partner with the Tennessee Valley Authority to carry out a federal home energy efficiency rebate program that was included in the federal Inflation Reduction Act.  Getty Images via Tennessee Lookout

What might Tennessee’s energy-efficiency rebate plan look like, and when?

This article was originally published by Tennessee Lookout.

NASHVILLE — More than $8 billion flagged for home energy rebates in the Inflation Reduction Act is beginning to trickle out of federal coffers, but Tennessee residents will likely have to wait until the spring of 2025 to start applying for their chunk of change.

Each state must shape its own plan to dole out the funding, which can put money residents spend on energy efficiency upgrades back into the households’ pockets if they meet certain requirements. New York and Wisconsin became the first states to begin offering federally funded home energy rebates to their residents in mid-August, two years after President Joe Biden signed the Inflation Reduction Act and its many energy-focused subsidies into law.

In total, the rebate funds are expected to impact between 1 to 2 percent of households across the nation.

Tennessee submitted its application to the U.S. Department of Energy (DOE) for the more than $167 million earmarked for the state in mid-August. Tennessee’s 2025 rollout timeline largely depends on how quickly the DOE approves the state’s applications and when Tennessee can execute a contract with the Tennessee Valley Authority — its chosen implementer — to put the program into action.