Online Calculator Estimates Energy Savings under Inflation Reduction Act

TL/DR –

New Tool Helps Michigan Residents Save on Clean Energy Upgrades

Monday saw the introduction of a new Michigan-centric calculator by Washington-based nonprofit Rewiring America. This tool enables homeowners and renters to determine potential savings via clean energy incentives and tax credits facilitated by programs like the Inflation Reduction Act (IRA) and other local initiatives.

How the Calculator Works

The calculator, accessible on the EGLE’s website, provides personalized estimates of savings on efficient electric appliances and energy-saving technologies after users input specific household details. Rewiring America asserts that these upgrades could save American households an average of $2,000 per year.

Comments from Officials

EGLE Director Phil Roos emphasized the financial and environmental benefits of these programs, stating they empower Michigan residents to contribute to climate change initiatives via cost-effective household upgrades. Rewiring America CEO Ari Matusiak praised Michigan’s proactive approach to integrating the benefits of energy transition, which he says will make home upgrades more affordable and accessible.

Uptake and Potential Benefits

Michigan is one of the first states to embrace the Rewiring America calculator, using it to help nearly 800,000 Americans understand their eligibility for federal electrification tax credits. Climate Power ranks Michigan as the No. 1 state in landing clean energy projects from the IRA, positioning it in the top five for job creation and overall investment. The newly introduced calculator is expected to further aid Michigan families in optimizing these federal dollars.

Upcoming Opportunities

EGLE announced an upcoming opportunity with the $210.8 million Home Energy Rebate Programs set to become available this fall. These programs aim to reduce the upfront cost of whole-home energy efficiency upgrades, aiding retrofitting and electrification efforts. Interested parties can sign up for program notifications. For more information on clean energy and climate-related federal funding opportunities, EGLE’s climate and energy funding opportunities webpage is an excellent resource.

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