Federal rebates

Energy-efficient Equipment Rebates 

Likely available in late 2024

The Federal Inflation Reduction Act provides electrification rebates to those who fall within certain income requirements. The rebates are expected to be available in late 2024 or early 2025, depending on the state you live in.

The amount of money available for home energy rebates varies and depends on:

• Per-household rebate limits and program administrators.
• Which technologies are being installed.
• Estimated project energy savings and how those energy savings are calculated.
• Household income.
• Total project cost.

In addition, our rebates and special rates can be stacked with federal rebates and tax credits.

For news on each state's progress on implementing this federal rebate program, please visit:

• Minnesota Commerce Department: Energy and Utilities
• North Dakota Department of Commerce
• South Dakota Department of Agriculture and Natural Resources

Note: This material is provided for informational purposes only. Please consult a tax professional before initiating your project.

HEEHRA rebates

Rules for the High-Efficiency Electric Home Rebate Act (HEEHRA) are as follows:

• Multifamily dwellings qualify under this program.
• Our rebates can be used in addition to federal rebates. Our North Dakota rebates require installation on a qualified off-peak rate.
• All rules regarding HEEHRA rebates are subject to interpretation by state guidelines.

Whole home rebates

In addition to providing rebates for individual projects and equipment related to energy efficiency, the Inflation Reduction Act also includes home-energy rebates for overall home-energy efficiency and electrification.

The table below summarizes the maximum allowed rebate amounts defined for different types of home efficiency and electrification projects.

Note: An installed technology may be eligible for rebates either because of its predicted energy savings or because of its inclusion on the qualified electrification project technologies list, but isn't eligible for both incentives.

Area median income 

Federal rebates are based on area median income. For more information, review the Fannie Mae Lookup Tool.