A new California grant is offering property owners between $5,000 and $15,000 to install all-electric energy systems into residences permitted in the last four years.
The $50 million Rebuilding Incentives for Sustainable Electric Homes program — funded by the state’s electric utility companies and overseen by the California Public Utilities Commission — is accepting applications from homeowners and builders overseeing home plans approved after Nov. 4, 2021, and replacing homes lost or damaged by disasters dating back to 2017.
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The incentive applies to applicants who are customers with any of the six utility companies across the state, such as Southern California Edison, San Diego Gas & Electric Company and Bear Valley Electric Service Inc.
The benefit applies to a range of home types including traditional single family homes, multifamily units, modular homes, additional dwelling units and manufactured housing. The grants will be distributed directly within two to three months following construction.
The grant comes eight years after Senate Bill 1477 required the state’s gas-producing companies to allocate $200 million of cap and trade revenue between 2019 and 2023 to two low-emission initiatives, the Building Initiative for Low-Emissions Development Program and TECH Clean California, both of which are funding RISE.
UC Berkeley’s Center for Law, Energy and the Environment highlighted the cost-effective, fast and sustainable benefits of rebuilding using electric energy. The Building Decarbonization Coalition, a national organization, noted it could save Southern Californians an average of $3,000 to $10,000 from what mixed-fuel homes pay for utilities.
To apply and for more information, go to https://risehomesca.com/.