AS energy costs continue to rise, many states are offering incentives to residents who go green.
Electric companies in California and Arizona are encouraging residents to take advantage of rebates to help offset high costs.
San Diego Gas and Electric (SDG&E) offers discounts between $20 and $500, while Tuscon Electric Power (TEP) offers $900.
Both companies are offering cash rewards through strong incentive programs.
Residents usually have to make some upgrades to their homes to claim the money.
San Diego incentives
SDG&E announced discounts ranging from $20 to $500 will be available to residents nationwide in a press release.
Discounts are offered to those who have amenities such as efficient water heaters, room air conditioners, smart air conditioners and more.
In addition, through the Golden State Rebate program, eligible customers can receive discounts when purchasing electronic products and accessories.
Residents can visit GoldenStateRebates.com to view coupons for items from Lowe’s, Home Depot, Best Buy and more.
Customers can confirm their prices on one place.
This project is scheduled to run through December 2024.
Arizona bank fees
In Arizona, TEP is adding new fees and eliminating some old ones that were deemed ineffective.
For example, the company has long offered residents $900 to replace old HVAC units with an Energy Star-certified heat pump.
Now, custom HVAC installations including space heating and cooling technologies are considered, which can cost as much as $5,000 per home.
Discounts can be up to 75 percent of the price, and 85 percent for low-income customers.
Residents can also earn discounts on items such as air conditioners, air conditioners, smart heaters, shade trees and water heaters.
The electric company plans to offer a free “virtual inspection” to complete a home electrical audit.
TEP has not disclosed the criteria to be eligible.
Transportation costs are a key part of the Emissions Reduction Act, which was passed earlier this year.
The bill is meant to help lower costs for families while fixing climate, health care, and taxes.
The bill outlined several ways that would benefit millions of Americans and see the return of energy savings.
The White House said families taking advantage of clean energy and electric vehicle tax credits will save more than $1,000 a year.
Other savings include:
- $14,000 in direct consumer rebates for families to purchase heat pumps and other energy-efficient home appliances
- 7.5 million more families could install solar on their roofs with a 30% tax credit, saving families $9,000 over the life of the system, or more than $300 per year
- Up to $7,500 in tax credits for new electric vehicles and $4,000 for used electric vehicles.
However, what is certain is that these funds will not be available until 2023, according to CNBC.
For more information on direct payments, here are 11 states offering tax breaks this year.
Find out if you are one of the 150 residents scheduled to receive wireless payments.