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case studies of costs for decarbonizing single family homes

Incentives

Incentive TypeEffective DateIncome RestrictionsCaps
Rebate (PCE)nownone$3,000 on heat pump water heater
$3,500 on heat pump
$1,500 on electrical panels
Rebate (BayREN)nownone$2,000 for insulation, $800 Ducts
$1,250 for heat pump HVAC
$750 for induction cooking
Rebate (IRA)*TBD
(could be retroactive to Jan. 1, 2023)		50% for family of 2 making < $166k
100% for family of 2 making < $89k

50% for family of 4 making < $208k
100% for family of 4 making < $111k		$14,000 per household
(heat pump HVAC $8000, heat pump water heater $1750, circuits $2500, induction cooking $840, weatherization $1600)
Tax Credit (IRA)*
(30% of cost, after rebates)		nowMust have taxable income$2,000 on heat pump/yr
$2,000 on water heater/yr
$1,200 on insulation/yr
$600 on electric panels
no cap on solar or batteries