NYC homeowners get $14k incentive for climate-friendly upgrades. Here’s who qualifies

Source: Gothamist, May 30, 2024

Low- and middle-income homeowners in New York are eligible for up to $14,000 for climate-friendly upgrades like insulation and heat pumps, Gov. Kathy Hochul and U.S. Energy Secretary Jennifer Granholm said on Thursday.

The new funding through President Joe Biden’s Inflation Reduction Act is meant to accelerate electrification, which is key to reaching city and state climate goals requiring an end to fossil fuel usage. The rebate is designed to shoulder a substantial chunk of the cost for low-to-middle income families as part of the Justice40 program, which has a goal of distributing 40% of federal climate funding to disadvantaged communities.

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