A program that offers federal stimulus funds as rebates for homeowners seeking to upgrade properties through whole-house air sealing, duct replacement and insulation of walls, attics, crawl spaces and basements has been infused with an additional $850,000.
The Home Performance Rebate program was given the extra funds Thursday, state officials announced. So far, almost 1,000 Maryland residents have upgraded their homes with an average rebate of $1,529 each. The rebates are paid through the Maryland Energy Administration.
The rebate program offers a 35 percent rebate – which totals up to $3,100 per household – toward qualifying home efficiency upgrades. That rebate, combined with the existing rebates of 15 percent from state utilities, allows homeowners to reduce the cost of installing upgrades by as much as half.
The Home Performance Rebate program has led to nearly $3 million of private investment in home energy efficiency upgrades in just seven months. The new funds are expected to spark more than $1.5 million in additional investment in energy efficient home improvements, state officials said.
The program is funded entirely by the American Recovery and Reinvestment Act.