Inflation Act Incentives for Energy Efficiency

This is a South Dakota news story, published by CNBC, that relates primarily to Ron DeSantis news.

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Energy Rebate program

CNBC

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States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out

Summary

Nutrition label

89% Informative

Inflation Reduction Act created two consumer rebate programs tied to energy efficiency.

They're respectively worth up to $8,000 and $14,000 for consumers, depending on criteria like income and specific efficiency-related upgrades or purchases.

South Dakota declined the federal funding tied to the programs, which is tied to two new programs.

Nearly every state has indicated it will launch a rebate program for residents.

Gov. Ron DeSantis in 2023 had vetoed the state's authority to spend about $5 million of federal funds to administer the energy rebate program.

At a high level, consumers will be able to get the rebates at the point of sale, when they buy an appliance directly from a retailer or from a qualified contractor who's helping a household complete an efficiency project.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful