Inflation Reduction Act Funding Programs

New Hampshire will receive roughly $35 million for each of these programs, for a total of just under $70 million. The New Hampshire Department of Energy will file an application for these funds when they are made available by the Federal government, however that is not expected for until mid-2023. Once an application is received by the Federal government, it must be reviewed and approved which can take some time. It is not anticipated that these rebates will be available to homeowners until late 2023. 

Basic details about each program are described below, however guidance has not been issued by the federal government around these programs. 

DUE TO A LACK OF FEDERAL PROGRAM GUIDANCE, IT IS IMPOSSIBLE TO DETERMINE IF A SPECIFIC PROJECT WOULD BE ELIGIBLE FOR A REBATE OR IF ALREADY COMPLETED WORK WILL BE ELIGIBLE FOR A REBATE. 

High Efficiency Electric Home Rebate (HEERA)

New Hampshire is slated to receive $34,749,580 for this program over the next 10 years. 

Rebates will be available to those making up to 150% of area median income. 

Rebates are capped 50% of the project cost for those earning between 80% and 150% of area median income subject to the caps listed below. Those making less than 80% of area median income are eligible for the rebates up to 100% of the project cost, subject to the caps listed below.

Rebate amounts:
Heat pump hot water heater: $1,750
Heat pump for space heating and cooling: $8,000
Electric stove, cooktop, range, or oven: $540
Heat pump clothes dryer: $840
Electric load service center upgrade: $4,000
Insulation, air sealing, and ventilation: $1,600
Electrical wiring: $2,500
Installation: $500 and is commensurate with scale of upgrades installed

Combined rebate amounts are capped at $14,000 total.

For additional information about this program please visit the Home Energy Rebate Program page.

Home Energy Performance-Based, Whole House Rebate Program

New Hampshire is slated to receive $34,952,780 million for this program over the next 10 years. Rebates will be offered depending on either the modeled energy savings or the measured savings, and the income of the household, and whether it is a single family or multifamily building. 

Single Family:

• 20-35% modeled energy savings: $2,000 or 50% of project costs, whichever is less
• 35%+ modeled energy savings: $4,000 or 50% of project costs, whichever is less
• 15% minimum measured energy savings: payment rate per kwh saved, equal to $2,000 for a 20% cost reduction for the state’s average home, or 50% of the project total

LMI Single Family (80% of median area income or less):

• 20-35% Modeled Energy savings: $4,000 or 80% of project costs, whichever is less
• 35%+ Modeled Energy savings: $8,000 or 80% of project costs, whichever is less
• 15% minimum measured energy savings: payment rate per kwh saved, equal to $4,000 for a 20% cost reduction for the state’s average home, or 80% of the project total

Multi Family:

• 20-35% Modeled Energy savings: $2,000 per dwelling unit maximum, $200,000 per building maximum
• 35%+ Modeled Energy savings: $4,000 per dwelling unit maximum, $400,000 per building maximum
• 15% minimum measured energy savings: payment rate per kwh saved, equal to $2,000 for a 20% cost reduction for the state’s average home, or 50% of the project total

Multi Family with 50% occupied by LMI households:

• 20-35% Modeled Energy savings: $4,000 per dwelling unit maximum
• 35%+ Modeled Energy savings: $8,000 per dwelling unit maximum
• 15% minimum measured energy savings: payment rate per kwh saved, equal to $4,000 for a 20% cost reduction for the state’s average home, or 80% of the project total

For additional information about this program please visit the Home Energy Rebate Program page.