Updates on how you can save money through federal funding in the U.S. Inflation Reduction Act
Federal Rebates, Tax Credits, Energy Efficiency Programs
The Inflation Reduction Act of 2022 is the most significant action by the federal government on clean energy and climate change in the nation’s history. The IRA is providing $370 billion in investments that will lower energy costs for families and small businesses and deliver clean energy for all.
You and your family will be able to save on utility bills, get support to purchase electric vehicles and energy-saving appliances, and access the economic opportunities of the clean energy future.
The Minnesota Department of Commerce State Energy Office is waiting for the federal government to provide state governments with guidance to develop programs included in the IRA, including:
- Heat pump rebates
- Appliance tax credits
- Other programs with payments to consumers and businesses
Currently - The federal government is seeking input from stakeholders for feedback on program development.
June 2023 – The federal government is expected to issue guidance to state governments on how to develop programs under the Inflation Reduction Act.
December 2023 – The IRA programs are anticipated to be rolled out by the Department of Commerce for Minnesotans.
Resources and updates:
The Minnesota Department of Commerce has an e-newsletter with regular updates on federal funding opportunities in the Infrastructure Investment and Jobs Act of 2021 and the Inflation Reduction Act of 2022. Sign up here.
The White House has more info about the Inflation Reduction Act, how it can save you and your family money, and how you can sign up for updates on programs available to you: WhiteHouse.gov/CleanEnergy.
You can also find more info and get updates from our partner, the Clean Energy Resource Teams, here:
The Inflation Reduction Act: What you need to know
Last reviewed on January 9, 2023.