Rebates tied to home energy efficiency created by the Inflation Reduction Act are expected to start flowing to consumers within months. The federal government is issuing $8.8 billion for Home Energy Rebates programs through states, territories, and tribes. New York is the first state to receive funding, with an initial allocation of $158 million. The rebates aim to partially or fully offset costs for efficiency projects like installing electric heat pumps, insulation, and Energy Star-rated appliances. The value of the rebates can reach up to $14,000 per household, depending on the state’s program design.