Eaton reported Oct. 22 that it’s launched its new Inflation Reduction Act (IRA) Savings Calculator for homeowners seeking cost-effective ways to upgrade their electrical systems and electrical contractors looking to recommend energy upgrades to their clients.
Launched in collaboration with the Rewiring America program, the IRA savings calculator is designed to demystify the complex landscape of IRA benefits for those seeking to embrace electrification. Homeowners can enter basic information to receive a personalized savings estimate with available upfront discounts, rebates and tax credits on a variety of electrical upgrades. Homeowners can also receive a detailed breakdown of suggested smart technologies and home electrical system upgrades to install in the residence, as well as contact information for local Eaton-certified electricians to assist with the safe, fast installation of energy-efficient solutions.
“Advancing electrification initiatives requires educating the public about opportunities for homeowners to save money through electrical upgrades,” says 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.”
For example, Eaton’s calculator helps contractors better advise their clients on eco-friendly upgrades by delivering detailed breakdowns of federal tax rebates and incentives that will help reduce appliance and installation costs. In addition, Eaton’s Certified Contractor Network offers specialized training for contractors that updates them 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,” adds Ian Magruder, market mobilization director 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.”
Eaton adds that its ongoing efforts to accelerate residential electrification are part of its Home as a Grid approach, which leverages intelligent home energy management technologies to turn homes from energy users into energy producers. Also essential to this approach are Eaton’s expanded portfolio of Wi-Fi wiring devices, including a smart, outdoor, Wi-Fi duplex receptacle, which simplifies installation options for electrical contractors and helps homeowners enjoy fully connected homes.
