Rebates Could Save Homeowners Thousands on Energy-Efficient Upgrades

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 24 August 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Homeowners planning energy-efficient renovations could save substantial amounts of money through rebates the government plans to roll out this year. WSJ personal-finance reporter Ashlea Ebeling joins host J.R. Whalen to discuss what types of work the rebates do, and don’t, cover. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.8	We are drowning in plastic. But what if instead of throwing it away, we could make old plastics into
0:07.3	something useful? How, you ask? Check out the future of everything podcast from The Wall Street Journal.
0:18.0	Here's your money briefing for Thursday, August 24. I'm JR Whalen for The Wall Street Journal.
0:22.8	Home renovations can be expensive, but many Americans planning work are about to catch a break,
0:31.3	and the form of thousands of dollars in rebates. So the point is to convert more homes to
0:36.3	electric and energy efficient technologies, and that's like especially important now with the
0:40.8	high temperatures and other extreme weather that's raised the costs of cooling and heating
0:45.6	and powering homes. We'll talk to WSJ personal finance reporter Ashley Ebbling, after the break.
0:53.4	Taxi to the airport, please. What if instead of driving to the airport, you could fly there?
1:10.0	Wow, 10 minutes flat, a new record. This future may not be so far away,
1:14.4	flying taxis could be a reality in the next few years. This is the real exciting thing,
1:19.6	because it is the ability that will transform how we think of transportation.
1:24.5	But how do we get there? Listen to the future of everything podcast from The Wall Street Journal.
1:37.6	A new round of energy efficiency rebates coming later this year could save people some serious cash
1:43.1	who are planning renovations to their home. Wall Street Journal personal finance reporter
1:47.5	Ashley Ebbling joins me with details. So Ashley, what will these rebates cover?
1:52.0	There are two rebate programs. One is for specific items. Everything ranging from an induction
1:56.4	cooktop to an energy efficient dryer. The other program is for a whole house reduce. So say you put
2:02.8	an insulation or a new heat pump that works for heating and cooling, and it reduces your energy
2:08.6	costs by 20 to 35%. Then you can get a lot of money back. So what kinds of things aren't covered?
2:15.0	Well, it's not just, oh, redo your house and buy an any old air conditioning unit or put on
2:22.0	a new roof. It has to have energy efficient characteristic. So energy star ratings,
	...

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