Discounts, tax credits available

The Inflation Reduction Act is a federal investment in beneficial electrification and sustainable energy technology. Low- and moderate-income households will receive the most benefits with discounts or tax credits included for the following and more:

New, energy-efficient electric appliances
New breaker panels and updated wiring
Heat pumps and heat pump water heaters
Weatherization, including air sealing, insulation, new doors and windows
New and used electric vehicles and EV chargers

The tax incentives are an annual $1,200 or more tax credit with no lifetime cap. Instant rebates are available for some households that qualify.

Visit the Rewiring America Inflation Reduction Act calculator to find out possible benefits of the IRA.

NAEC Loan Program

North Arkansas Electric Cooperative members wanting to make energy-efficiency improvements to their existing homes can apply for a low-interest loan through the co-op. Not only do energy-efficiency upgrades, such as a new heat pump or insulation, improve the comfort of members' homes, but they also can lower energy costs.

The application may be completed on the NAEC loan webpage. A print application also is available at NAEC offices.

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