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I'm trying to figure out what kind of tax breaks come with this bill for folks like us. I'm going to have to update this as we learn more...

I think this is the best summary: The Electric Explainer: Key programs in the Inflation Reduction Act and what they mean for Americans

Some key points:

High Efficiency Electric Home Rebate Act (HEEHRA)...For instance, a low income household will receive a rebate covering the full cost of a heat pump installation for space heating, up to a cap of $8,000. This household could receive up to $1,750 for a heat pump water heater, $840 for an electric stove, and $840 for an electric clothes dryer. If required, this household can also receive up to $4,000 for an upgraded breaker box, $2,500 for upgraded electrical wiring, and $1,600 for insulation, ventilation and sealing. For moderate income households, the same rebates are available to cover 50 percent of the costs.
Detailed info: Appliance Rebates Plan
Fine print - Can't make more than 150% median income in your area. It looks like higher earners can still get a some breaks but not as much (see link).

The Clean Vehicle credit, or 30D, gives a $7,500 credit for new electric vehicles and a $4,000 credit for used electric vehicles.
Fine print - IIRC, can't make more than $150k (single) / $300k (MFJ)

The Residential Clean Energy credit, or 25D, re-ups an existing program allowing households installing solar to deduct 30 percent of the cost of the project from their taxes. This credit is guaranteed for 10 years, and now also includes residential battery storage systems.
Fine print - ??? But I read somewhere that it's retroactive starting 2022...that beats the current 26%!
 
I'm trying to figure out what kind of tax breaks come with this bill for folks like us
Can always read the raw text of bill.

I too want to do upgrades, hot water heater for one.

Copy of the test that mentions Home Rebate
PART 2--RESIDENTIAL EFFICIENCY AND ELECTRIFICATION REBATES

SEC. 50121. HOME ENERGY PERFORMANCE-BASED, WHOLE-HOUSE REBATES.
(a) Appropriation.--
(1) In general.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of
any money in the Treasury not otherwise appropriated,
$4,300,000,000, to remain available through September 30, 2031, to
carry out a program to award grants to State energy offices to
develop and implement a HOMES rebate program.
(2) Allocation of funds.--
(A) In general.--The Secretary shall reserve funds made
available under paragraph (1) for each State energy office--
(i) in accordance with the allocation formula for the
State Energy Program in effect on January 1, 2022; and
(ii) to be distributed to a State energy office if the
application of the State energy office under subsection (b)
is approved.
(B) Additional funds.--Not earlier than 2 years after the
date of enactment of this Act, any money reserved under
subparagraph (A) but not distributed under clause (ii) of that
subparagraph shall be redistributed to the State energy offices
operating a HOMES rebate program using a grant received under
this section in proportion to the amount distributed to those
State energy offices under subparagraph (A)(ii).
(3) Administrative expenses.--Of the funds made available under
paragraph (1), the Secretary shall use not more than 3 percent
for--
(A) administrative purposes; and
(B) providing technical assistance relating to activities
carried out under this section.
(b) Application.--A State energy office seeking a grant under this
section shall submit to the Secretary an application that includes a
plan to implement a HOMES rebate program, including a plan--
(1) to use procedures, as approved by the Secretary, for
determining the reductions in home energy use resulting from the
implementation of a home energy efficiency retrofit that are
calibrated to historical energy usage for a home consistent with
BPI 2400, for purposes of modeled performance home rebates;
(2) to use open-source advanced measurement and verification
software, as approved by the Secretary, for determining and
documenting the monthly and hourly (if available) weather-
normalized energy use of a home before and after the implementation
of a home energy efficiency retrofit, for purposes of measured
performance home rebates;
(3) to value savings based on time, location, or greenhouse gas
emissions;
(4) for quality monitoring to ensure that each home energy
efficiency retrofit for which a rebate is provided is documented in
a certificate that--
(A) is provided by the contractor and certified by a third
party to the homeowner; and
(B) details the work performed, the equipment and materials
installed, and the projected energy savings or energy
generation to support accurate valuation of the retrofit;
(5) to provide a contractor performing a home energy efficiency
retrofit or an aggregator who has the right to claim a rebate $200
for each home located in a disadvantaged community that receives a
home energy efficiency retrofit for which a rebate is provided
under the program; and
(6) to ensure that a homeowner or aggregator does not receive a
rebate for the same upgrade through both a HOMES rebate program and
any other Federal grant or rebate program, pursuant to subsection
(c)(7).
(c) HOMES Rebate Program.--
(1) In general.--A HOMES rebate program carried out by a State
energy office receiving a grant pursuant to this section shall
provide rebates to homeowners and aggregators for whole-house
energy saving retrofits begun on or after the date of enactment of
this Act and completed by not later than September 30, 2031.
(2) Amount of rebate.--Subject to paragraph (3), under a HOMES
rebate program, the amount of a rebate shall not exceed--
(A) for individuals and aggregators carrying out energy
efficiency upgrades of single-family homes--
(i) in the case of a retrofit that achieves modeled
energy system savings of not less than 20 percent but less
than 35 percent, the lesser of--

(I) $2,000; and
(II) 50 percent of the project cost;

(ii) in the case of a retrofit that achieves modeled
energy system savings of not less than 35 percent, the
lesser of--

(I) $4,000; and
(II) 50 percent of the project cost; and

(iii) for measured energy savings, in the case of a
home or portfolio of homes that achieves energy savings of
not less than 15 percent--

(I) a payment rate per kilowatt hour saved, or
kilowatt hour-equivalent saved, equal to $2,000 for a
20 percent reduction of energy use for the average home
in the State; or
(II) 50 percent of the project cost;

(B) for multifamily building owners and aggregators
carrying out energy efficiency upgrades of multifamily
buildings--
(i) in the case of a retrofit that achieves modeled
energy system savings of not less than 20 percent but less
than 35 percent, $2,000 per dwelling unit, with a maximum
of $200,000 per multifamily building;
(ii) in the case of a retrofit that achieves modeled
energy system savings of not less than 35 percent, $4,000
per dwelling unit, with a maximum of $400,000 per
multifamily building; or
(iii) for measured energy savings, in the case of a
multifamily building or portfolio of multifamily buildings
that achieves energy savings of not less than 15 percent--

(I) a payment rate per kilowatt hour saved, or
kilowatt hour-equivalent saved, equal to $2,000 for a
20 percent reduction of energy use per dwelling unit
for the average multifamily building in the State; or
(II) 50 percent of the project cost; and

(C) for individuals and aggregators carrying out energy
efficiency upgrades of a single-family home occupied by a low-
or moderate-income household or a multifamily building not less
than 50 percent of the dwelling units of which are occupied by
low- or moderate-income households--
(i) in the case of a retrofit that achieves modeled
energy system savings of not less than 20 percent but less
than 35 percent, the lesser of--

(I) $4,000 per single-family home or dwelling unit;
and
(II) 80 percent of the project cost;

(ii) in the case of a retrofit that achieves modeled
energy system savings of not less than 35 percent, the
lesser of--

(I) $8,000 per single-family home or dwelling unit;
and
(II) 80 percent of the project cost; and

(iii) for measured energy savings, in the case of a
single-family home, multifamily building, or portfolio of
single-family homes or multifamily buildings that achieves
energy savings of not less than 15 percent--

(I) a payment rate per kilowatt hour saved, or
kilowatt hour-equivalent saved, equal to $4,000 for a
20 percent reduction of energy use per single-family
home or dwelling unit, as applicable, for the average
single-family home or multifamily building in the
State; or
(II) 80 percent of the project cost.

(3) Rebates to low- or moderate-income households.--On approval
from the Secretary, notwithstanding paragraph (2), a State energy
office carrying out a HOMES rebate program using a grant awarded
pursuant to this section may increase rebate amounts for low- or
moderate-income households.
(4) Use of funds.--A State energy office that receives a grant
pursuant to this section may use not more than 20 percent of the
grant amount for planning, administration, or technical assistance
related to a HOMES rebate program.
(5) Data access guidelines.--The Secretary shall develop and
publish guidelines for States relating to residential electric and
natural gas energy data sharing.
(6) Exemption.--Activities carried out by a State energy office
using a grant awarded pursuant to this section shall not be subject
to the expenditure prohibitions and limitations described in
section 420.18 of title 10, Code of Federal Regulations.
(7) Prohibition on combining rebates.--A rebate provided by a
State energy office under a HOMES rebate program may not be
combined with any other Federal grant or rebate, including a rebate
provided under a high-efficiency electric home rebate program (as
defined in section 50122(d)), for the same single upgrade.
(d) Definitions.--In this section:
(1) Disadvantaged community.--The term ``disadvantaged
community'' means a community that the Secretary determines, based
on appropriate data, indices, and screening tools, is economically,
socially, or environmentally disadvantaged.
(2) HOMES rebate program.--The term ``HOMES rebate program''
means a Home Owner Managing Energy Savings rebate program
established by a State energy office as part of an approved State
energy conservation plan under the State Energy Program.
(3) Low- or moderate-income household.--The term ``low- or
moderate-income household'' means an individual or family the total
annual income of which is less than 80 percent of the median income
of the area in which the individual or family resides, as reported
by the Department of Housing and Urban Development, including an
individual or family that has demonstrated eligibility for another
Federal program with income restrictions equal to or below 80
percent of area median income.
SEC. 50122. HIGH-EFFICIENCY ELECTRIC HOME REBATE PROGRAM.
(a) Appropriations.--
(1) Funds to state energy offices and indian tribes.--In
addition to amounts otherwise available, there is appropriated to
the Secretary for fiscal year 2022, out of any money in the
Treasury not otherwise appropriated, to carry out a program--
(A) to award grants to State energy offices to develop and
implement a high-efficiency electric home rebate program in
accordance with subsection (c), $4,275,000,000, to remain
available through September 30, 2031; and
(B) to award grants to Indian Tribes to develop and
implement a high-efficiency electric home rebate program in
accordance with subsection (c), $225,000,000, to remain
available through September 30, 2031.
(2) Allocation of funds.--
(A) State energy offices.--The Secretary shall reserve
funds made available under paragraph (1)(A) for each State
energy office--
(i) in accordance with the allocation formula for the
State Energy Program in effect on January 1, 2022; and
(ii) to be distributed to a State energy office if the
application of the State energy office under subsection (b)
is approved.
(B) Indian tribes.--The Secretary shall reserve funds made
available under paragraph (1)(B)--
(i) in a manner determined appropriate by the
Secretary; and
(ii) to be distributed to an Indian Tribe if the
application of the Indian Tribe under subsection (b) is
approved.
(C) Additional funds.--Not earlier than 2 years after the
date of enactment of this Act, any money reserved under--
(i) subparagraph (A) but not distributed under clause
(ii) of that subparagraph shall be redistributed to the
State energy offices operating a high-efficiency electric
home rebate program in proportion to the amount distributed
to those State energy offices under that clause; and
(ii) subparagraph (B) but not distributed under clause
(ii) of that subparagraph shall be redistributed to the
Indian Tribes operating a high-efficiency electric home
rebate program in proportion to the amount distributed to
those Indian Tribes under that clause.
(3) Administrative expenses.--Of the funds made available under
paragraph (1), the Secretary shall use not more than 3 percent
for--
(A) administrative purposes; and
(B) providing technical assistance relating to activities
carried out under this section.
(b) Application.--A State energy office or Indian Tribe seeking a
grant under the program shall submit to the Secretary an application
that includes a plan to implement a high-efficiency electric home
rebate program, including--
(1) a plan to verify the income eligibility of eligible
entities seeking a rebate for a qualified electrification project;
(2) a plan to allow rebates for qualified electrification
projects at the point of sale in a manner that ensures that the
income eligibility of an eligible entity seeking a rebate may be
verified at the point of sale;
(3) a plan to ensure that an eligible entity does not receive a
rebate for the same qualified electrification project through both
a high-efficiency electric home rebate program and any other
Federal grant or rebate program, pursuant to subsection (c)(8); and
(4) any additional information that the Secretary may require.
(c) High-efficiency Electric Home Rebate Program.--
(1) In general.--Under the program, the Secretary shall award
grants to State energy offices and Indian Tribes to establish a
high-efficiency electric home rebate program under which rebates
shall be provided to eligible entities for qualified
electrification projects.
(2) Guidelines.--The Secretary shall prescribe guidelines for
high-efficiency electric home rebate programs, including guidelines
for providing point of sale rebates in a manner consistent with the
income eligibility requirements under this section.
(3) Amount of rebate.--
(A) Appliance upgrades.--The amount of a rebate provided
under a high-efficiency electric home rebate program for the
purchase of an appliance under a qualified electrification
project shall be--
(i) not more than $1,750 for a heat pump water heater;
(ii) not more than $8,000 for a heat pump for space
heating or cooling; and
(iii) not more than $840 for--

(I) an electric stove, cooktop, range, or oven; or
(II) an electric heat pump clothes dryer.

(B) Nonappliance upgrades.--The amount of a rebate provided
under a high-efficiency electric home rebate program for the
purchase of a nonappliance upgrade under a qualified
electrification project shall be--
(i) not more than $4,000 for an electric load service
center upgrade;
(ii) not more than $1,600 for insulation, air sealing,
and ventilation; and
(iii) not more than $2,500 for electric wiring.
(C) Maximum rebate.--An eligible entity receiving multiple
rebates under this section may receive not more than a total of
$14,000 in rebates.
(4) Limitations.--A rebate provided using funding under this
section shall not exceed--
(A) in the case of an eligible entity described in
subsection (d)(1)(A)--
(i) 50 percent of the cost of the qualified
electrification project for a household the annual income
of which is not less than 80 percent and not greater than
150 percent of the area median income; and
(ii) 100 percent of the cost of the qualified
electrification project for a household the annual income
of which is less than 80 percent of the area median income;
(B) in the case of an eligible entity described in
subsection (d)(1)(B)--
(i) 50 percent of the cost of the qualified
electrification project for a multifamily building not less
than 50 percent of the residents of which are households
the annual income of which is not less than 80 percent and
not greater than 150 percent of the area median income; and
(ii) 100 percent of the cost of the qualified
electrification project for a multifamily building not less
than 50 percent of the residents of which are households
the annual income of which is less than 80 percent of the
area median income; or
(C) in the case of an eligible entity described in
subsection (d)(1)(C)--
(i) 50 percent of the cost of the qualified
electrification project for a household--

(I) on behalf of which the eligible entity is
working; and
(II) the annual income of which is not less than 80
percent and not greater than 150 percent of the area
median income; and

(ii) 100 percent of the cost of the qualified
electrification project for a household--

(I) on behalf of which the eligible entity is
working; and
(II) the annual income of which is less than 80
percent of the area median income.

(5) Amount for installation of upgrades.--
(A) In general.--In the case of an eligible entity
described in subsection (d)(1)(C) that receives a rebate under
the program and performs the installation of the applicable
qualified electrification project, a State energy office or
Indian Tribe shall provide to that eligible entity, in addition
to the rebate, an amount that--
(i) does not exceed $500; and
(ii) is commensurate with the scale of the upgrades
installed as part of the qualified electrification project,
as determined by the Secretary.
(B) Treatment.--An amount received under subparagraph (A)
by an eligible entity described in that subparagraph shall not
be subject to the requirement under paragraph (6).
(6) Requirement.--An eligible entity described in subparagraph
(C) of subsection (d)(1) shall discount the amount of a rebate
received for a qualified electrification project from any amount
charged by that eligible entity to the eligible entity described in
subparagraph (A) or (B) of that subsection on behalf of which the
qualified electrification project is carried out.
(7) Exemption.--Activities carried out by a State energy office
using a grant provided under the program shall not be subject to
the expenditure prohibitions and limitations described in section
420.18 of title 10, Code of Federal Regulations.
(8) Prohibition on combining rebates.--A rebate provided by a
State energy office or Indian Tribe under a high-efficiency
electric home rebate program may not be combined with any other
Federal grant or rebate, including a rebate provided under a HOMES
rebate program (as defined in section 50121(d)), for the same
qualified electrification project.
(9) Administrative costs.--A State energy office or Indian
Tribe that receives a grant under the program shall use not more
than 20 percent of the grant amount for planning, administration,
or technical assistance relating to a high-efficiency electric home
rebate program.
(d) Definitions.--In this section:
(1) Eligible entity.--The term ``eligible entity'' means--
(A) a low- or moderate-income household;
(B) an individual or entity that owns a multifamily
building not less than 50 percent of the residents of which are
low- or moderate-income households; and
(C) a governmental, commercial, or nonprofit entity, as
determined by the Secretary, carrying out a qualified
electrification project on behalf of an entity described in
subparagraph (A) or (B).
(2) High-efficiency electric home rebate program.--The term
``high-efficiency electric home rebate program'' means a rebate
program carried out by a State energy office or Indian Tribe
pursuant to subsection (c) using a grant received under the
program.
(3) Indian tribe.--The term ``Indian Tribe'' has the meaning
given the term in section 4 of the Indian Self-Determination and
Education Assistance Act (25 U.S.C. 5304).
(4) Low- or moderate-income household.--The term ``low- or
moderate-income household'' means an individual or family the total
annual income of which is less than 150 percent of the median
income of the area in which the individual or family resides, as
reported by the Department of Housing and Urban Development,
including an individual or family that has demonstrated eligibility
for another Federal program with income restrictions equal to or
below 150 percent of area median income.
(5) Program.--The term ``program'' means the program carried
out by the Secretary under subsection (a)(1).
(6) Qualified electrification project.--
(A) In general.--The term ``qualified electrification
project'' means a project that--
(i) includes the purchase and installation of--

(I) an electric heat pump water heater;
(II) an electric heat pump for space heating and
cooling;
(III) an electric stove, cooktop, range, or oven;
(IV) an electric heat pump clothes dryer;
(V) an electric load service center;
(VI) insulation;
(VII) air sealing and materials to improve
ventilation; or
(VIII) electric wiring;

(ii) with respect to any appliance described in clause
(i), the purchase of which is carried out--

(I) as part of new construction;
(II) to replace a nonelectric appliance; or
(III) as a first-time purchase with respect to that
appliance; and

(iii) is carried out at, or relating to, a single-
family home or multifamily building, as applicable and
defined by the Secretary.
(B) Exclusions.--The term ``qualified electrification
project'' does not include any project with respect to which
the appliance, system, equipment, infrastructure, component, or
other item described in subclauses (I) through (VIII) of
subparagraph (A)(i) is not certified under the Energy Star
program established by section 324A of the Energy Policy and
Conservation Act (42 U.S.C. 6294a), if applicable.
SEC. 50123. STATE-BASED HOME ENERGY EFFICIENCY CONTRACTOR TRAINING
GRANTS.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $200,000,000, to
remain available through September 30, 2031, to carry out a program to
provide financial assistance to States to develop and implement a State
program described in section 362(d)(13) of the Energy Policy and
Conservation Act (42 U.S.C. 6322(d)(13)), which shall provide training
and education to contractors involved in the installation of home
energy efficiency and electrification improvements, including
improvements eligible for rebates under a HOMES rebate program (as
defined in section 50121(d)) or a high-efficiency electric home rebate
program (as defined in section 50122(d)), as part of an approved State
energy conservation plan under the State Energy Program.
(b) Use of Funds.--A State may use amounts received under
subsection (a)--
(1) to reduce the cost of training contractor employees;
(2) to provide testing and certification of contractors trained
and educated under a State program developed and implemented
pursuant to subsection (a); and
(3) to partner with nonprofit organizations to develop and
implement a State program pursuant to subsection (a).
(c) Administrative Expenses.--Of the amounts received by a State
under subsection (a), a State shall use not more than 10 percent for
administrative expenses associated with developing and implementing a
State program pursuant to that subsection.

PART 3--BUILDING EFFICIENCY AND RESILIENCE

SEC. 50131. ASSISTANCE FOR LATEST AND ZERO BUILDING ENERGY CODE
ADOPTION.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated--
(1) $330,000,000, to remain available through September 30,
2029, to carry out activities under part D of title III of the
Energy Policy and Conservation Act (42 U.S.C. 6321 through 6326) in
accordance with subsection (b); and
(2) $670,000,000, to remain available through September 30,
2029, to carry out activities under part D of title III of the
Energy Policy and Conservation Act (42 U.S.C. 6321 through 6326) in
accordance with subsection (c).
(b) Latest Building Energy Code.--The Secretary shall use funds
made available under subsection (a)(1) for grants to assist States, and
units of local government that have authority to adopt building codes--
(1) to adopt--
(A) a building energy code (or codes) for residential
buildings that meets or exceeds the 2021 International Energy
Conservation Code, or achieves equivalent or greater energy
savings;
(B) a building energy code (or codes) for commercial
buildings that meets or exceeds the ANSI/ASHRAE/IES Standard
90.1-2019, or achieves equivalent or greater energy savings; or
(C) any combination of building energy codes described in
subparagraph (A) or (B); and
(2) to implement a plan for the jurisdiction to achieve full
compliance with any building energy code adopted under paragraph
(1) in new and renovated residential or commercial buildings, as
applicable, which plan shall include active training and
enforcement programs and measurement of the rate of compliance each
year.
(c) Zero Energy Code.--The Secretary shall use funds made available
under subsection (a)(2) for grants to assist States, and units of local
government that have authority to adopt building codes--
(1) to adopt a building energy code (or codes) for residential
and commercial buildings that meets or exceeds the zero energy
provisions in the 2021 International Energy Conservation Code or an
equivalent stretch code; and
(2) to implement a plan for the jurisdiction to achieve full
compliance with any building energy code adopted under paragraph
(1) in new and renovated residential and commercial buildings,
which plan shall include active training and enforcement programs
and measurement of the rate of compliance each year.
(d) State Match.--The State cost share requirement under the item
relating to ``Department of Energy--Energy Conservation'' in title II
of the Department of the Interior and Related Agencies Appropriations
Act, 1985 (42 U.S.C. 6323a; 98 Stat. 1861), shall not apply to
assistance provided under this section.
(e) Administrative Costs.--Of the amounts made available under this
section, the Secretary shall reserve not more than 5 percent for
administrative costs necessary to carry out this section.

PART 4--DOE LOAN AND GRANT PROGRAMS

SEC. 50141. FUNDING FOR DEPARTMENT OF ENERGY LOAN PROGRAMS OFFICE.
(a) Commitment Authority.--In addition to commitment authority
otherwise available and previously provided, the Secretary may make
commitments to guarantee loans for eligible projects under section 1703
of the Energy Policy Act of 2005 (42 U.S.C. 16513), up to a total
principal amount of $40,000,000,000, to remain available through
September 30, 2026.
(b) Appropriation.--In addition to amounts otherwise available and
previously provided, there is appropriated to the Secretary for fiscal
year 2022, out of any money in the Treasury not otherwise appropriated,
$3,600,000,000, to remain available through September 30, 2026, for the
costs of guarantees made under section 1703 of the Energy Policy Act of
2005 (42 U.S.C. 16513), using the loan guarantee authority provided
under subsection (a) of this section.
(c) Administrative Expenses.--Of the amount made available under
subsection (b), the Secretary shall reserve not more than 3 percent for
administrative expenses to carry out title XVII of the Energy Policy
Act of 2005 and for carrying out section 1702(h)(3) of such Act (42
U.S.C. 16512(h)(3)).
(d) Limitations.--
(1) Certification.--None of the amounts made available under
this section for loan guarantees shall be available for any project
unless the President has certified in advance in writing that the
loan guarantee and the project comply with the provisions under
this section.
(2) Denial of double benefit.--Except as provided in paragraph
(3), none of the amounts made available under this section for loan
guarantees shall be available for commitments to guarantee loans
for any projects under which funds, personnel, or property
(tangible or intangible) of any Federal agency, instrumentality,
personnel, or affiliated entity are expected to be used (directly
or indirectly) through acquisitions, contracts, demonstrations,
exchanges, grants, incentives, leases, procurements, sales, other
transaction authority, or other arrangements to support the project
or to obtain goods or services from the project.
(3) Exception.--Paragraph (2) shall not preclude the use of the
loan guarantee authority provided under this section for
commitments to guarantee loans for--
(A) projects benefitting from otherwise allowable Federal
tax benefits;
(B) projects benefitting from being located on Federal land
pursuant to a lease or right-of-way agreement for which all
consideration for all uses is--
(i) paid exclusively in cash;
(ii) deposited in the Treasury as offsetting receipts;
and
(iii) equal to the fair market value;
(C) projects benefitting from the Federal insurance program
under section 170 of the Atomic Energy Act of 1954 (42 U.S.C.
2210); or
(D) electric generation projects using transmission
facilities owned or operated by a Federal Power Marketing
Administration or the Tennessee Valley Authority that have been
authorized, approved, and financed independent of the project
receiving the guarantee.
(e) Guarantee.--Section 1701(4)(A) of the Energy Policy Act of 2005
(42 U.S.C. 16511(4)(A)) is amended by inserting ``, except that a loan
guarantee may guarantee any debt obligation of a non-Federal borrower
to any Eligible Lender (as defined in section 609.2 of title 10, Code
of Federal Regulations)'' before the period at the end.
(f) Source of Payments.--Section 1702(b) of the Energy Policy Act
of 2005 (42 U.S.C. 16512(b)(2)) is amended by adding at the end the
following:
``(3) Source of payments.--The source of a payment received
from a borrower under subparagraph (A) or (B) of paragraph (2) may
not be a loan or other debt obligation that is made or guaranteed
by the Federal Government.''.
SEC. 50142. ADVANCED TECHNOLOGY VEHICLE MANUFACTURING.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $3,000,000,000, to
remain available through September 30, 2028, for the costs of providing
direct loans under section 136(d) of the Energy Independence and
Security Act of 2007 (42 U.S.C. 17013(d)): Provided, That funds
appropriated by this section may be used for the costs of providing
direct loans for reequipping, expanding, or establishing a
manufacturing facility in the United States to produce, or for
engineering integration performed in the United States of, advanced
technology vehicles described in subparagraph (C), (D), (E), or (F) of
section 136(a)(1) of such Act (42 U.S.C. 17013(a)(1)) only if such
advanced technology vehicles emit, under any possible operational mode
or condition, low or zero exhaust emissions of greenhouse gases.
(b) Administrative Costs.--The Secretary shall reserve not more
than $25,000,000 of amounts made available under subsection (a) for
administrative costs of providing loans as described in subsection (a).
(c) Elimination of Loan Program Cap.--Section 136(d)(1) of the
Energy Independence and Security Act of 2007 (42 U.S.C. 17013(d)(1)) is
amended by striking ``a total of not more than $25,000,000,000 in''.
SEC. 50143. DOMESTIC MANUFACTURING CONVERSION GRANTS.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $2,000,000,000, to
remain available through September 30, 2031, to provide grants for
domestic production of efficient hybrid, plug-in electric hybrid, plug-
in electric drive, and hydrogen fuel cell electric vehicles, in
accordance with section 712 of the Energy Policy Act of 2005 (42 U.S.C.
16062).
(b) Cost Share.--The Secretary shall require a recipient of a grant
provided under subsection (a) to provide not less than 50 percent of
the cost of the project carried out using the grant.
(c) Administrative Costs.--The Secretary shall reserve not more
than 3 percent of amounts made available under subsection (a) for
administrative costs of making grants described in such subsection (a)
pursuant to section 712 of the Energy Policy Act of 2005 (42 U.S.C.
16062).
SEC. 50144. ENERGY INFRASTRUCTURE REINVESTMENT FINANCING.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $5,000,000,000, to
remain available through September 30, 2026, to carry out activities
under section 1706 of the Energy Policy Act of 2005.
(b) Commitment Authority.--The Secretary may make, through
September 30, 2026, commitments to guarantee loans for projects under
section 1706 of the Energy Policy Act of 2005 the total principal
amount of which is not greater than $250,000,000,000, subject to the
limitations that apply to loan guarantees under section 50141(d).
(c) Energy Infrastructure Reinvestment Financing.--Title XVII of
the Energy Policy Act of 2005 is amended by inserting after section
1705 (42 U.S.C. 16516) the following:
``SEC. 1706. ENERGY INFRASTRUCTURE REINVESTMENT FINANCING.
``(a) In General.--Notwithstanding section 1703, the Secretary may
make guarantees, including refinancing, under this section only for
projects that--
``(1) retool, repower, repurpose, or replace energy
infrastructure that has ceased operations; or
``(2) enable operating energy infrastructure to avoid, reduce,
utilize, or sequester air pollutants or anthropogenic emissions of
greenhouse gases.
``(b) Inclusion.--A project under subsection (a) may include the
remediation of environmental damage associated with energy
infrastructure.
``(c) Requirement.--A project under subsection (a)(1) that involves
electricity generation through the use of fossil fuels shall be
required to have controls or technologies to avoid, reduce, utilize, or
sequester air pollutants and anthropogenic emissions of greenhouse
gases.
``(d) Application.--To apply for a guarantee under this section, an
applicant shall submit to the Secretary an application at such time, in
such manner, and containing such information as the Secretary may
require, including--
``(1) a detailed plan describing the proposed project;
``(2) an analysis of how the proposed project will engage with
and affect associated communities; and
``(3) in the case of an applicant that is an electric utility,
an assurance that the electric utility shall pass on any financial
benefit from the guarantee made under this section to the customers
of, or associated communities served by, the electric utility.
``(e) Term.--Notwithstanding section 1702(f), the term of an
obligation shall require full repayment over a period not to exceed 30
years.
``(f) Definition of Energy Infrastructure.--In this section, the
term `energy infrastructure' means a facility, and associated
equipment, used for--
``(1) the generation or transmission of electric energy; or
``(2) the production, processing, and delivery of fossil fuels,
fuels derived from petroleum, or petrochemical feedstocks.''.
(d) Conforming Amendment.--Section 1702(o)(3) of the Energy Policy
Act of 2005 (42 U.S.C. 16512(o)(3)) is amended by inserting ``and
projects described in section 1706(a)'' before the period at the end.
SEC. 50145. TRIBAL ENERGY LOAN GUARANTEE PROGRAM.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $75,000,000, to
remain available through September 30, 2028, to carry out section
2602(c) of the Energy Policy Act of 1992 (25 U.S.C. 3502(c)), subject
to the limitations that apply to loan guarantees under section
50141(d).
(b) Department of Energy Tribal Energy Loan Guarantee Program.--
Section 2602(c) of the Energy Policy Act of 1992 (25 U.S.C. 3502(c)) is
amended--
(1) in paragraph (1), by striking ``) for an amount equal to
not more than 90 percent of'' and inserting ``, except that a loan
guarantee may guarantee any debt obligation of a non-Federal
borrower to any Eligible Lender (as defined in section 609.2 of
title 10, Code of Federal Regulations)) for''; and
(2) in paragraph (4), by striking ``$2,000,000,000'' and
inserting ``$20,000,000,000''.

PART 5--ELECTRIC TRANSMISSION

SEC. 50151. TRANSMISSION FACILITY FINANCING.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $2,000,000,000, to
remain available through September 30, 2030, to carry out this section:
Provided, That the Secretary shall not enter into any loan agreement
pursuant to this section that could result in disbursements after
September 30, 2031.
(b) Use of Funds.--The Secretary shall use the amounts made
available by subsection (a) to carry out a program to pay the costs of
direct loans to non-Federal borrowers, subject to the limitations that
apply to loan guarantees under section 50141(d) and under such terms
and conditions as the Secretary determines to be appropriate, for the
construction or modification of electric transmission facilities
designated by the Secretary to be necessary in the national interest
under section 216(a) of the Federal Power Act (16 U.S.C. 824p(a)).
(c) Loans.--A direct loan provided under this section--
(1) shall have a term that does not exceed the lesser of--
(A) 90 percent of the projected useful life, in years, of
the eligible transmission facility; and
(B) 30 years;
(2) shall not exceed 80 percent of the project costs; and
(3) shall, on first issuance, be subject to the condition that
the direct loan is not subordinate to other financing.
(d) Interest Rates.--A direct loan provided under this section
shall bear interest at a rate determined by the Secretary, taking into
consideration market yields on outstanding marketable obligations of
the United States of comparable maturities as of the date on which the
direct loan is made.
(e) Definition of Direct Loan.--In this section, the term ``direct
loan'' has the meaning given the term in section 502 of the Federal
Credit Reform Act of 1990 (2 U.S.C. 661a).
SEC. 50152. GRANTS TO FACILITATE THE SITING OF INTERSTATE ELECTRICITY
TRANSMISSION LINES.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $760,000,000, to
remain available through September 30, 2029, for making grants in
accordance with this section and for administrative expenses associated
with carrying out this section.
(b) Use of Funds.--
(1) In general.--The Secretary may make a grant under this
section to a siting authority for, with respect to a covered
transmission project, any of the following activities:
(A) Studies and analyses of the impacts of the covered
transmission project.
(B) Examination of up to 3 alternate siting corridors
within which the covered transmission project feasibly could be
sited.
(C) Participation by the siting authority in regulatory
proceedings or negotiations in another jurisdiction, or under
the auspices of a Transmission Organization (as defined in
section 3 of the Federal Power Act (16 U.S.C. 796)) that is
also considering the siting or permitting of the covered
transmission project.
(D) Participation by the siting authority in regulatory
proceedings at the Federal Energy Regulatory Commission or a
State regulatory commission for determining applicable rates
and cost allocation for the covered transmission project.
(E) Other measures and actions that may improve the chances
of, and shorten the time required for, approval by the siting
authority of the application relating to the siting or
permitting of the covered transmission project, as the
Secretary determines appropriate.
(2) Economic development.--The Secretary may make a grant under
this section to a siting authority, or other State, local, or
Tribal governmental entity, for economic development activities for
communities that may be affected by the construction and operation
of a covered transmission project, provided that the Secretary
shall not enter into any grant agreement pursuant to this section
that could result in any outlays after September 30, 2031.
(c) Conditions.--
(1) Final decision on application.--In order to receive a grant
for an activity described in subsection (b)(1), the Secretary shall
require a siting authority to agree, in writing, to reach a final
decision on the application relating to the siting or permitting of
the applicable covered transmission project not later than 2 years
after the date on which such grant is provided, unless the
Secretary authorizes an extension for good cause.
(2) Federal share.--The Federal share of the cost of an
activity described in subparagraph (C) or (D) of subsection (b)(1)
shall not exceed 50 percent.
(3) Economic development.--The Secretary may only disburse
grant funds for economic development activities under subsection
(b)(2)--
(A) to a siting authority upon approval by the siting
authority of the applicable covered transmission project; and
(B) to any other State, local, or Tribal governmental
entity upon commencement of construction of the applicable
covered transmission project in the area under the jurisdiction
of the entity.
(d) Returning Funds.--If a siting authority that receives a grant
for an activity described in subsection (b)(1) fails to use all grant
funds within 2 years of receipt, the siting authority shall return to
the Secretary any such unused funds.
(e) Definitions.--In this section:
(1) Covered transmission project.--The term ``covered
transmission project'' means a high-voltage interstate or offshore
electricity transmission line--
(A) that is proposed to be constructed and to operate--
(i) at a minimum of 275 kilovolts of either
alternating-current or direct-current electric energy by an
entity; or
(ii) offshore and at a minimum of 200 kilovolts of
either alternating-current or direct-current electric
energy by an entity; and
(B) for which such entity has applied, or informed a siting
authority of such entity's intent to apply, for regulatory
approval.
(2) Siting authority.--The term ``siting authority'' means a
State, local, or Tribal governmental entity with authority to make
a final determination regarding the siting, permitting, or
regulatory status of a covered transmission project that is
proposed to be located in an area under the jurisdiction of the
entity.
SEC. 50153. INTERREGIONAL AND OFFSHORE WIND ELECTRICITY TRANSMISSION
PLANNING, MODELING, AND ANALYSIS.
(a) Appropriation.--In addition to amounts otherwise available,
there is appropriated to the Secretary for fiscal year 2022, out of any
money in the Treasury not otherwise appropriated, $100,000,000, to
remain available through September 30, 2031, to carry out this section.
(b) Use of Funds.--The Secretary shall use amounts made available
under subsection (a)--
(1) to pay expenses associated with convening relevant
stakeholders to address the development of interregional
electricity transmission and transmission of electricity that is
generated by offshore wind; and
(2) to conduct planning, modeling, and analysis regarding
interregional electricity transmission and transmission of
electricity that is generated by offshore wind, taking into account
the local, regional, and national economic, reliability,
resilience, security, public policy, and environmental benefits of
interregional electricity transmission and transmission of
electricity that is generated by offshore wind, including planning,
modeling, and analysis, as the Secretary determines appropriate,
pertaining to--
(A) clean energy integration into the electric grid,
including the identification of renewable energy zones;
(B) the effects of changes in weather due to climate change
on the reliability and resilience of the electric grid;
(C) cost allocation methodologies that facilitate the
expansion of the bulk power system;
(D) the benefits of coordination between generator
interconnection processes and transmission planning processes;
(E) the effect of increased electrification on the electric
grid;
(F) power flow modeling;
(G) the benefits of increased interconnections or interties
between or among the Western Interconnection, the Eastern
Interconnection, the Electric Reliability Council of Texas, and
other interconnections, as applicable;
(H) the cooptimization of transmission and generation,
including variable energy resources, energy storage, and
demand-side management;
(I) the opportunities for use of nontransmission
alternatives, energy storage, and grid-enhancing technologies;
(J) economic development opportunities for communities
arising from development of interregional electricity
transmission and transmission of electricity that is generated
by offshore wind;
(K) evaluation of existing rights-of-way and the need for
additional transmission corridors; and
(L) a planned national transmission grid, which would
include a networked transmission system to optimize the
existing grid for interconnection of offshore wind farms.

This is part that looks to apply:


(3) Amount of rebate.--
(A) Appliance upgrades.--The amount of a rebate provided
under a high-efficiency electric home rebate program for the
purchase of an appliance under a qualified electrification
project shall be--
(i) not more than $1,750 for a heat pump water heater;
(ii) not more than $8,000 for a heat pump for space
heating or cooling
; and
(iii) not more than $840 for--
(I) an electric stove, cooktop, range, or oven; or
(II) an electric heat pump clothes dryer.


(B) Nonappliance upgrades.--The amount of a rebate provided
under a high-efficiency electric home rebate program for the
purchase of a nonappliance upgrade under a qualified
electrification project shall be--
(i) not more than $4,000 for an electric load service
center upgrade;
(ii) not more than $1,600 for insulation, air sealing,
and ventilation; and
(iii) not more than $2,500 for electric wiring.

(C) Maximum rebate.--An eligible entity receiving multiple
rebates under this section may receive not more than a total of
$14,000 in rebates.
 
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From Gas to Elec Heat pump? Possible.
Technically it is a water heater 😁. Not aware of any list in the Act that shows what models qualify or any language to specifically exclude non-home heat pump water heaters.

As noted there is also the kicker that the household total annual income must be less than 150% of the median income where you live (with some decreased incentive above that???).
 
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Does someone have clarity on how they define "where you live" or how exactly the states are going to administer this program?

Per this (thanks @MontyFloyd )
Low- or moderate-income household.--The term ``low- or
moderate-income household'' means an individual or family the total
annual income of which is less than 150 percent of the median
income of the area in which the individual or family resides, as
reported by the Department of Housing and Urban Development

HUD seems to be the gatekeeper...

If you're in LA like me, here's what it spits out:
HUD LA.png


91,100*1.5= $136,650

...dual income professionals filing joint about to punch the air right now.
 
Wow, so much for supporting the middle class...

What a joke.
``low- or moderate-income household'
That is what middle class is, and it is formulated for the area too.

Anyone making over, say, $136,650, could well afford paying for those items outright (if not, then they need to reassess budget and spending)

This is equitable.
 
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``low- or moderate-income household'
That is what middle class is, and it is formulated for the area too.

Anyone making over, say, $136,650, could well afford paying for those items outright (if not, then they need to reassess spending)

This is equitable.

I don't think so. People making median income as defined by HUD in high-priced areas like the SF Bay Area, Los Angeles and so on wouldn't even be able to afford a mortgage payment in these areas to begin with, so the rebate is useless to them.

This bill basically punishes people for living in areas with high cost of living.
 
I don't think so. People making median income as defined by HUD in high-priced areas like the SF Bay Area, Los Angeles and so on wouldn't even be able to afford a mortgage payment in these areas to begin with, so the rebate is useless to them.

This bill basically punishes people for living in areas with high cost of living.
there choice
 
I don't think so. People making median income as defined by HUD in high-priced areas like the SF Bay Area, Los Angeles and so on wouldn't even be able to afford a mortgage payment in these areas to begin with, so the rebate is useless to them.

This bill basically punishes people for living in areas with high cost of living.

I looked it up
Copying just the
ACS2018 1-Year Median Income
San Francisco, CA HUD Metro FMR Area$143,134

$143,134 x 150% = $214,701
I realize Frisco is expensive, but so expensive a double six-figure is not enough?

My area is about $112,000 (which is top for this area.)
 
I looked it up
Copying just the
ACS2018 1-Year Median Income
San Francisco, CA HUD Metro FMR Area$143,134

$143,134 x 150% = $214,701
I realize Frisco is expensive, but so expensive a double six-figure is not enough?

My area is about $112,000 (which is top for this area.)

214k household is probably not enough to qualify for a mortgage on a modest home in the area
 
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The median price for a home in San Francisco is 1.3M

This is roughly a 6K mortgage payment give or take.

Applying the 28% mortgage rule, this means that the household needs to be grossing about 25K-ish a month or 300k a year to live in such a house, easily putting that family way above the threshold to receive the rebate.
 
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