PITTSBURGH — Intelligent power management company Eaton has launched its new Inflation Reduction Act (IRA) Savings Calculator, a resource for both homeowners seeking cost-effective ways to upgrade their electrical systems and for electrical contractors looking to recommend energy upgrades to their clients.
Launched in collaboration with Rewiring America, the IRA savings calculator is designed to demystify the complex landscape of IRA benefits for those seeking to embrace electrification, a press release from Eaton said. Homeowners can enter basic information to receive a personalized savings estimate, with available up-front discounts, rebates, and tax credits on a variety of electrical upgrades. Additionally, homeowners can receive a detailed breakdown of suggested smart technologies and home electrical system upgrades to install in their homes as well as contact information for local Eaton-certified electricians to assist with the safe installation of energy-efficient solutions.
“Advancing electrification initiatives requires educating the public about opportunities for homeowners to save money through electrical upgrades,” said Erik Drost, marketing manager at Eaton. “With $369 billion in IRA funding available for clean energy and climate programs, homeowners and contractors alike need to understand which rebates and incentives are available in their area and how to access them. Our easy-to-use IRA Savings Calculator streamlines the path to sustainable living practices, providing homeowners with actionable information while better enabling contractors to become a trusted resource.”
Eaton’s new online tool helps contractors better advise their clients on eco-friendly upgrades by delivering detailed breakdowns of federal tax rebates and incentives that will help lower appliance and installation costs, Eaton’s press release said. Eaton’s Certified Contractor Network offers specialized training to contractors that helps them remain up to date on the latest electrification initiatives.
“We’re excited to see tools like the Savings Calculator make it easier for people to access the billions of dollars in incentives available through the Inflation Reduction Act,” said Ian Magruder, director of market mobilization at Rewiring America. “By helping homeowners and contractors navigate the benefits, we’re empowering more communities to take advantage of cost-saving clean energy upgrades. The more we educate and simplify the process, the more people can benefit from these historic opportunities for energy savings.”