MultiFamily Buildings
How to Take Advantage of IRA Rebates for Energy-Efficient Home Upgrades for Your Building
Upgrade Your Home While Saving Money & Energy
Up to $14,000 Per Unit for Energy-Efficient Home Upgrades For Your Building
Multifamily Buildings
The Inflation Reduction Act provides a remarkable opportunity for multifamily building owners to invest in energy efficiency and clean energy solutions. These upgrades offer property owners financial benefits and more appealing properties while making a positive environmental impact. Residents also stand to gain from potential utility cost savings and enhanced living conditions.
With new energy-efficient heat pump installations, building owners can upgrade their rental properties to be more sustainable and comfortable for tenants. Liberty Home Comfort is here to help you take full advantage of these government incentives, making the process for multifamily building upgrades seamless and straightforward.
Frequently Asked Questions
How do I know if the property is eligible for rebates?
The new appliance must not replace an existing electric appliance of the same type in your building. For instance, if your building currently uses a heat pump for heating and cooling, it doesn’t qualify for a new heat pump under this program. However, your building is eligible for a new electric heat pump to replace a gas furnace, boiler, or other non-electric appliance.
*Note: Heat pump water heaters and heat pump clothes dryers can replace existing electric appliances, provided the existing appliance does not use heat pump technology.
What is the timeline to recEIving the new appliances?
The appliance program is rolling out nationwide, with timelines varying by state. Upon qualification through our questionnaire, Liberty Home Comfort ensures consistent updates on the progress and timing of your appliance upgrades!
Do the IRA Rebates apply to new multifamily buildings that are still under construction?
It’s possible! Whether under construction or existing, multifamily buildings may qualify for up to $14,000 in free appliance upgrades per unit. This exciting opportunity extends to upgrading existing structures and installations in newly constructed buildings. Contact our team at Liberty Home Comfort, and we will help you navigate the process to see if you qualify.
Does my multifamily property qualify?
For your multifamily property to qualify, it must meet the “low-income” home standards outlined by government guidelines. This determination is based on tenant income, with at least 50% of households meeting the “low-income” requirements. To qualify, household income should be less than 80% of the average household income in the area, or at least one tenant must be enrolled in specific “automatic qualifier” programs (Medicaid, SSI, Free School Lunch, etc.). Properties may also be eligible for rebates covering 50% of upgrade costs if at least 50% of the units qualify as “moderate-income” homes.
Multifamily buildings automatically qualify for free appliances if they are owned by a Public Housing Authority, eligible for Low-Income Housing Tax Credits (LIHTC), or have received project-based or tenant-based assistance (e.g., Section 8, Section 202, Section 811).
Eligible States for Energy Savings
Liberty Home Comfort is unlocking energy-saving possibilities across the United States. If your state is on the list, do n’t wait to seize the opportunity to make your home more efficient while saving on energy costs.