Inflation Reduction Act

Clean Energy Benefits and Cost Savings for All New Yorkers

The Inflation Reduction Act (IRA) of 2022 represents the single largest investment in climate and energy in U.S. history, directing billions of dollars towards homeowners, renters, businesses, municipalities, and nonprofit organizations to lower the cost of clean energy technologies. Over the next decade, the IRA promises to grow New York’s clean energy economy and reduce greenhouse gas emissions to meet the goals of the Climate Act .

The IRA offers rebates, tax credits, and low-cost financing to make the switch from fossil-fueled appliances and equipment to new, clean electric models. New Yorkers can often combine these IRA benefits with State incentives and programs to maximize savings on electric vehicles, solar panels, energy efficiency upgrades, heat pumps, and more. 

Since 2023, IRA tax credits have been available to all New Yorkers. New York State is in the process of rolling out IRA rebates, with initial funding available for income-eligible New Yorkers through the EmPower+ program. Additional IRA rebates, including offers for multifamily buildings and certain high-efficiency appliances, will become available later in 2024.

Get an Energy Assessment to Make the Most of IRA Savings

Start with an energy assessment to learn how efficiently your home or business is operating and where energy is being wasted. An assessment will provide recommendations to save energy and improve efficiency and comfort, helping you make the best use of IRA tax credits and rebates to lower your energy costs and carbon footprint.

All New York residents, including renters, are eligible to receive a no-cost home energy assessment. Small businesses and nonprofit organizations can access incentives and technical support through NYSERDA to complete an energy assessment.

IRA Public Stakeholder Webinar

NYSERDA held a virtual public information session on December 6, 2023, to gather input on the proposed programs for New York’s implementation of the federal Inflation Reduction Act’s (IRA) Home Efficiency Rebates (HER) Program and Home Electrification and Appliance Rebates (HEAR) Program. A recording of the webinar, a copy of the presentation and a summary of the session's Q&A is available.

• Presentation Slides [PDF]
• Webinar Recording 
• Summary of Q&A [PDF]