IRA, HOMES, BIL, Justice40 and More
The Inflation Reduction Act (IRA) Sections 50121 and 50122, referred to as the Home Energy Rebates, allocate $8.8 billion in funds to improve energy efficiency and reduce greenhouse gas emissions for existing single-family and multifamily homes.
In July 2023, IRA Home Energy Rebates issued a 100-page application guideline dictating how and where funding can be spent on home weatherization, electrification, and efficiency improvements. The guidelines include specific requirements for program management tools and software.
Hancock Software fully complies with the data and tool support requirements for energy modeling and program tracking for IRA Home Efficiency Rebates (Section 50121) and the Home Electrification and Appliance Rebates (Section 50122) Quick Start Programs. Using Hancock Software you can start taking advantage of program funds immediately - executing data collection, tracking, and reporting on the residential rebate programs.
Hancock Software is the only solution with:
- End-to-end program transparency,
- Full data control without any duplicate data entry,
- Fully integrated BPI2400 modeling and program management, and
- Mobile user-friendly data collection.
Unlocking the power of these new programs and funding doesn’t have to be complicated. With the right processes, tools, and partners, organizations can access, utilize, and manage all funding available for energy services programs. They can improve the homes and lives of our communities and get the money into the hands of the homeowners faster.
IRA Home Energy Rebates Program Tools Requirements
Start to plan your tool selection for the IRA Home Energy Rebates Programs with this IRA program requirements checklist:
- Contractor Management
- Easy-to-use applications for residents
- User-friendly data collection
- Customer feedback loops
- Experience rating
- Issue remediation
- Customer signature collection
- Establish income eligibility
- Confirm residence
- Compare household income to Area Median Income (AMI) levels associated with zip code and occupants
- Compare rebate request to home energy rebates already applied at that address
- Support multifamily buildings
- Justice40 eligibility
- End-to-end program transparency
- Data control without duplicate data entry
- Program funding allocation for multiple federal, state, and utility programs, including braiding rules
- Program and project workflow (inspection, quality assurance, and validation)
- Support multiple audit types, including BPI2400, Priority, and Measured
- Integrate a local Technical Resource Manual (TRM)
- Program-based measures
- Manage rebates
- Risk mitigation security and privacy plan
- Audit trail for all rebate transactions, inspections, contractor qualifications, and program-related activities
- Regulatory compliance with privacy of applicants' and participants' data
- DOE/PNNL application programming interface (API) to submit required data
Hancock Software meets and exceeds all Home Energy Rebates program management data and tools requirements with the integrated Hancock Cloud program management platform and the Hancock MINT mobile application.
The Home Energy Rebates rules are complex - encouraging the layering of multiple funding programs to achieve the best results for customers and the environment. With Hancock Software, it is simple to braid funding from:
- IRA and Home Energy Performance-Based Whole-House (HOMES) Rebates,
- High-Efficiency Electric Home Rebate Program,
- Energy Efficiency and Climate Resilience in Affordable Housing Program,
- 25C Energy Efficient Home Improvement Credit,
- 179D Energy Efficient Commercial Building Deduction,
- Greenhouse Gas Reduction Fund,
- State Energy Program (SEP) and
- Energy Efficiency and Conservation Block Grants (EECBG)
- and any other funding source.
Each program can be supported with eligibility and reporting and can be used in conjunction with other federal and state funding.
Hancock Cloud program braiding ensures that measure funding meets the complex rules for both single-family and multifamily buildings by enabling ordered and filtered measure recommendations, preventing conflicting measure selection, and performing post-validation through extensive reporting. Hancock Software enables the seamless verification of the programs’ rules against any funding or measures associated with a customer, an address, or a project as required by Home Energy Rebates.
By combining the Hancock Cloud solution with MINT, the braided program rules are right in the palm of the auditors' and contractors' hands.
Hancock Cloud enables allocating funds, establishing qualification rules, creating goals, collecting client demographics, tracking measures, and issuing invoices and rebates across programs. Hancock Cloud and MINT invoicing provide detailed tracking for each upgrade component, itemized on invoices for home energy upgrade packages, allowing you to subdivide costs efficiently. Additionally, Hancock Cloud tracks funding and inventory in real-time.
With Hancock Cloud, a program audit request can be instantly met.
BPA IRA Top 10 Data Requirements
In this webinar, Hancock Software, an energy efficiency technology provider, shows you how to get up and running quickly while meeting the key technology requirements of the Home Efficiency Rebates (Section 50121) and Home Electrification and Appliance Rebates (Section 50122) funds.