Rewiring America

Rewiring America is honored to share that Power Forward Communities, a new coalition of which we are a member, has been awarded a $2 billion, seven-year National Clean Investment Fund (NCIF) grant from the US Environmental Protection Agency (EPA). Through our partnership with some of the country’s most trusted housing, climate, and community investment groups, including Habitat for Humanity International, Enterprise Community Partners, Local Initiatives Support Corporation (LISC), and United Way, we’re purpose-built to help transform the housing sector, save homeowners and renters money, invest in stronger communities, and meet national climate goals. Learn more about Power Forward Communities’ mission: https://lnkd.in/grJzsnfP

In policy as in life, it’s important to count the receipts. When it comes to the Inflation Reduction Act (IRA) and its impact on the kitchen table decisions that tie to 42 percent of energy-related emissions, the initial receipts are in. Today, the Treasury Department released data showing that 3.4 million American families took advantage of the tax credits on clean energy and energy efficiency home upgrades last year. Not only are these tax credits good for the planet, they are good for the pocketbooks of the millions of Americans who found out about the money in their electric bank accounts from the IRA through tools like Rewiring America’s incentive calculator. (https://lnkd.in/gRyK8g_c) The kitchen table decisions that the IRA supports include how we heat our air and water, cook our food, dry our clothes, get around, and source our electricity. According to the Treasury, over 750,000 families used IRA tax credits to get rooftop solar systems — systems Rewiring America calculates will save an average of $1,550 / year on their power bills. More than 300,000 households got heat pumps to heat and cool their homes and more than 100,000 purchased heat pump water heaters. That’s more than $8 billion to American families, unlocking billions of dollars more in annual bill savings. The IRA is one of the most significant anti-inflationary policies for families in American history. And this is just the beginning. The 2023 uptake of clean energy tax credits for rooftop solar and heat pump water heaters matched Rewiring America's "Electric Potential" benchmark — the incentive uptake expected if we are to meet our climate goals by 2050. (https://lnkd.in/gw5yhtXZ) The 2023 uptake of the heat pump tax credit lags behind that benchmark, but sales of heat pumps are outstripping fossil fuel machines now. And with the IRA-funded electrification rebates coming online the rate of heat pump adoption will continue to accelerate. Oh, and with the Energy Department’s announcement today of Defense Production Act awards for domestic heat pump manufacturing, in the years ahead, the heat pumps (and rooftop solar) we buy will be made right here in the U.S.A. (https://lnkd.in/gCMuh8ES) I’m grateful to the U.S. Treasury for being transparent with the data on this generational, future-securing investment for our communities. Rewiring America looks forward to continuing to count those receipts. #rewiringamerica #electrifyeverything

Have you made an electric home upgrade since January 1, 2023? Did you use Inflation Reduction Act (IRA), state, or local incentives to help you do it? If that sounds like you, we want to hear from you! Take this super-short survey to find out how you can help us celebrate the IRA’s second anniversary this August: https://lnkd.in/gWd9z6_u

Join us October 29-31 for GreenBiz Group’s VERGE 24 conference in San Jose, California! Our co-founder and chief scientist Saul Griffith will give a keynote speech and host a talk for his award-winning book Electrify. Use our discount code “V24RA” for $400 off registration (link in the comments). And let us know below if we’ll see you there!

Electric lawn equipment is better than its gas-powered counterparts. So much better that we had to record the world’s first song about it. And make a music video, too. You’re welcome! [ 🎥: Dan McCollister] [🎵: Jeff McCollister]

Today, Wisconsin 🧀 joined New York 🗽 to become the second state in America to roll out home energy rebates from the Inflation Reduction Act (IRA)! Specifically, Wisconsin residents can now access up to $10,000 to upgrade their homes with better insulation and new energy efficient appliances (like heat pumps!) through the Home Energy Performance-Based Whole-House Rebate (HOMES) program. And they'll soon also have access to funds through the Home Electrification and Appliance Rebate (HEAR) program for a wide range of clean electric home upgrades. Details here:

Monumental: “At the current pace, public fast-charging sites will outnumber gas stations in the US in about eight years — but charger momentum is only expected to accelerate. North American operators will spend a collective $6.1 billion on charging infrastructure this year, nearly double their 2023 investment, according to BloombergNEF estimates. That annual spend is expected to double again by 2030.” [📰: Bloomberg] — link to the full story is in the comments.

every time an electric stove is installed, an angel gets its wings 🪽

Go electric. Save money. Live abundantly.

Cooler kitchen = cooler summer 😎 Have you ever tried an induction hot plate? Tell us about your experience in the comments!