The IRA has allocated $8.8 billion for two initiatives: the Home Efficiency Rebates Program (previously HOMES), which offers up to $8,000, and the Home Electrification and Appliance Rebates Program (previously HEEHRA), which offers up to $14,000. Most of the funding will be distributed on a local level by state energy offices. Each state or territory will have the opportunity to apply or request funds to support the IRA’s key initiatives.