Webinar – Saving Money and Supporting the Grid: How IRA Home Energy Rebates Enable Virtual Power Plants

The Inflation Reduction Act’s Home Efficiency Rebates (HOMES) and Home Electrification and Appliance Rebates (HEAR) provisions will help tens of millions of households make their homes more energy efficient. They will save consumers money and make their homes more comfortable, but it has the potential for so much more: by enabling virtual power plants (VPPs), it can help the grid decarbonize while making it more resilient, affordable, and equitable.

As states, tribes, and territories implement the home energy rebates, they have the option of utilizing a market-based approach based on measuring actual efficiency gains. This approach, known as the measured approach, provides a foundation for VPPs to reduce peak demand, improve grid reliability, and reduce infrastructure costs.  The measured approach provides a means for customers adopting heat pumps and other electrification technologies, or implementing holistic home retrofits, to support the evolution of VPPs while making investments go farther, increasing bill savings, and supporting the grid by reducing building energy use during times of peak grid demand.

Please join RMI and the Flex Coalition on Thursday, June 13th from 2-3 Eastern to learn more about the intersection of VPPs and the IRA’s home energy rebates. Industry stakeholders and policy experts will discuss how investments in energy efficient homes and buildings can prepare the industry for flexible energy management and create more resilient and responsive homes.

This event is hosted by: