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 
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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.
Learn More About IRA Savings
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Businesses
Read More BusinessesSee how businesses can use clean energy to improve their bottom line.
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Vehicles
Explore ways to save on a new or used electric vehicle (EV) and home EV charger.Read More Vehicles -
Nonprofits and Tax-Exempt Entities
Read More Nonprofits and Tax-Exempt EntitiesTax-exempt organizations can leverage a new provision, known as direct pay, to directly access clean energy tax credits through the IRA.
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IRA Stakeholder Engagement Materials
Read More IRA Stakeholder Engagement MaterialsAccess stakeholder webinar materials and resources related to the design and implementation of the Home Energy Rebates Programs.
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.
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