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TVA cutting rebates aimed at energy conservation
TVA is phasing out its rebates that were put in place to encourage consumers to be more energy efficient. The e-score energy efficiency rebate program allows homeowners to get rebates for upgrades that make their homes more energy efficient. The agency says it will discontinue nearly all of its available rebates when the money for this year runs out, or by Sept. 15, whichever happens first. Switching to an electric water heater from a non-electric water heater will still get a $500 rebate per system. However, the cost of natural gas is low compared to current electricity rates, so the rebate might not be that appealing to homeowners who are making the upgrades to save money. Air sealing, attic insulation, heat pump water heaters, geothermal or dual fuel heat pumps, energy-efficient air-conditioning, duct systems and tune-ups will no longer receive rebates. Southern Alliance for Clean Energy director Stephen Smith said TVA's move toward replacing gas appliances with electric is called "beneficial electrification." "That's now their version of energy efficiency, encouraging customers to go from a cheaper gas furnace that is minimally effective to some sort of electric thing that's more efficient," adds Smith. The agency says that energy-efficiency resources normally allocated toward rebates will instead be directed toward programs that help limited income families in Nashville and Memphis.
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