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NY launches first federally backed energy rebate program

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New York has become the first state to launch a federally backed rebate program to help low-to-moderate income households make their homes more energy efficient. The program, announced Thursday, offers up to $14,000 for upgrades like air sealing, insulation, and heat pumps. The Biden administration expects these improvements to save households hundreds of dollars on utility bills each month.

New York will receive $158 million for this initiative, which is part of the Inflation Reduction Act signed by President Joe Biden in 2022. John Podesta, a senior advisor to the president, commended New York for leading the way and paving the path for other states to follow.

Governor Kathy Hochul expressed gratitude for the strong partnership with the Biden Administration and the U.S. Department of Energy. She highlighted the importance of making the clean energy transition affordable for all New Yorkers. The state is also planning another rebate program to offer up to $8,000 for projects reducing energy usage by at least 20%.

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