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New York initiates home energy discount scheme

TL/DR - New York is the first state to start the US Department of Energy's (DOE) Home Energy Rebates program, which seeks to help low-and-middle-income households use efficiency and clean energy upgrades. The initiative is a part of a broader nationwide effort funded by $8.8 billion, expected to save consumers around $1 billion annually in energy…
US Economy

Inflation Act’s Broken Promises Affect Florida’s Elderly

TL/DR - The Inflation Reduction Act (IRA) signed by President Biden in 2022, which was intended to reduce Medicare costs for seniors, has instead resulted in a 21% increase in Medicare Part D premiums for Florida seniors. The Act gave Medicare officials the power to set prices on more covered medicines; however, this provision was designed to…
US Economy

NY first state to give Inflation Reduction Act energy rebates

TL/DR - Governor Kathy Hochul has announced a $39.6 million rebate initiative to support low-income New Yorkers in making energy efficiency upgrades to their homes via the federal Home Electrification and Appliance Rebates (HEAR) Program. Expected to save communities $8.8 billion collectively, the program incentivizes the installation of…
US Economy

Home Energy Efficiency Rebates Available for Low, Mid-Income Families

TL/DR - New York is the first state to distribute funds from the $8.8 billion Inflation Reduction Act, allowing homeowners and renters to receive energy efficiency rebates for green upgrades. Low- and middle-income homeowners can receive up to $14,000 per house for upgrades through the state's EmPower+ program, with income eligibility depending…