Electric Induction Stove

IRA Rebate

Save Up To $0

2024 Electric Induction Stove Rebates

Inflation Reduction Act Electric Induction Stove Rebate

The Inflation Reduction Act Rebate presents an enticing opportunity for Connecticut residents to upgrade their kitchen appliances to electric/induction stoves. These stoves have an average lifespan of 13-15 years and offer a range of health benefits, including cleaner kitchen air and reduced asthma risk. The rebate covers a significant portion of the stove costs, making it an affordable choice for households. For low-income households below 80 percent of the Area Median Income, the rebate covers 100 percent of the electric/induction stove costs up to $840. Moderate-income households between 80 percent and 150 percent of the Area Median Income can receive 50 percent coverage up to the same amount. Electric induction stoves stand out for their efficiency and safety. They work by transferring energy directly to the cooking pan through a magnetic field, resulting in faster boiling times, a cool cooktop surface, and easy cleanup. Moreover, these stoves do not burn fossil fuels or require gas hookups, making them environmentally friendly and reducing the risk of methane leaks. By taking advantage of this rebate, Connecticut residents can not only save money but also contribute to a greener future while enjoying the benefits of modern and efficient cooking technology.

The Advantages

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Electric induction stoves offer several advantages for Connecticut residents:

  1. Energy Efficiency: Induction stoves are highly energy-efficient compared to traditional electric resistance stoves or gas stoves. They heat up quickly and transfer heat directly to the cooking pan, resulting in less energy wastage and faster cooking times. This efficiency can lead to cost savings on energy bills.
  2. Precise Temperature Control: Induction stoves provide precise temperature control, allowing for more accurate cooking. This is particularly beneficial for tasks that require specific temperature settings, such as simmering or melting chocolate. The ability to adjust temperatures quickly and precisely can enhance cooking outcomes.
  3. Safety: Induction stoves have a cool cooktop surface, as heat is generated directly in the pan through magnetic fields. This reduces the risk of burns or accidental contact with hot surfaces. Additionally, induction stoves typically have built-in safety features such as automatic shut-off when no pan is detected or residual heat indicators.
  4. Easy Cleanup: The smooth, flat surface of induction stoves makes them easy to clean. Since the cooktop surface doesn’t get as hot as traditional stoves, spills and splatters are less likely to burn onto the surface, simplifying the cleaning process.
  5. Environmental Friendliness: Induction stoves do not burn fossil fuels and produce zero emissions during operation. By using electricity from cleaner and more sustainable sources, such as renewable energy, induction stoves can contribute to reducing carbon footprint and air pollution.
  6. Health Benefits: Induction stoves eliminate the combustion byproducts associated with gas stoves, such as carbon monoxide and nitrogen dioxide, which can negatively impact indoor air quality. By using induction stoves, residents can enjoy cleaner kitchen air and reduce the risk of respiratory issues or asthma triggers.

For Connecticut residents, embracing electric induction stoves can bring about energy savings, improved cooking experiences, enhanced safety, and a positive impact on the environment and indoor air quality.

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Costs & Savings

Averarge Cost

$800 - $0

(Without Rebate)
Lifetime Savings

$750 - $0

(Average)
Upgrade Lifespan

13 - 0

(In Years)

The average initial cost for an electric induction stove can vary depending on the brand, features, and size of the appliance. On average, an electric induction stove can cost anywhere from $800 to $2,000. Higher-end models with advanced features and larger sizes can exceed this price range. However, there are often sales and discounts available, and the Electrification Rebates from the Inflation Reduction Act can help offset the initial cost for eligible households.

While it’s challenging to provide an exact figure for average lifetime savings, estimates suggest that induction stoves can save anywhere from 30% to 50% in energy costs compared to traditional electric resistance stoves. These savings can accumulate over the lifespan of the appliance, which is typically around 13-15 years. Moreover, according to the U.S. Department of Energy, switching from a traditional electric stove to an induction stove can save an average of $75 per year on energy costs. Over the lifetime of the appliance, which is typically 10-15 years, this could amount to savings of $750-$1,125. It’s worth noting that the average lifetime savings for an electric induction stove can vary depending on factors such as energy costs, frequency of use, and individual cooking habits. However, compared to traditional electric resistance stoves or gas stoves, electric induction stoves are generally more energy-efficient, which can lead to cost savings over time.

 

 

A "Home Energy Solutions" Energy Audit is Your Best First Step.

Looking to maximize your Electric Induction Stove incentive/rebate and achieve optimal energy savings for your home? Look no further than a comprehensive Home Energy Solutions (H.E.S.) audit. By identifying areas of energy waste and recommending upgrades to enhance efficiency, a HES assessment is the logical first step in your energy savings journey. Plus, with the HES Score you receive, you'll be able to qualify for the best incentives available. Don't miss out on the opportunity to save energy and money - schedule your HES audit today and start your journey towards a more efficient home.

H.E.S. only costs you $75 out-of-pocket. It could be free-of charge if you qualify for Home Energy Solutions Income-Eligible (H.E.S.-IE).

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$0

Service Cost (free-of-charge if eligible*)

$0

Average Annual Energy Savings

$0

Weatherization Service Value

$0

Average 1st Year Savings

Insulation

Rebate: $1.70 per Square Foot
Max Rebate N/A
Avg. Lifetime Savings $4000
Avg. Lifespan (Years) 20 - 50
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Triple Pane Window

Rebate: $100 per Unit
Max Rebate N/A
Avg. Lifetime Savings $10000
Avg. Lifespan (Years) 20 - 30
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Ground Source Heat Pump

Rebate: $1250 per Ton
Max Rebate $15000
Avg. Lifetime Savings $50000
Avg. Lifespan (Years) 25 - 50
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Smart Thermostat

Rebate: $85 per Unit
Max Rebate N/A
Avg. Lifetime Savings $565
Avg. Lifespan (Years) 9 - 10
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Tankless Gas Water Heater

Rebate: $300 per Unit
Max Rebate N/A
Avg. Lifetime Savings $2000
Avg. Lifespan (Years) 18 - 20
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Natural Gas Furnace

Rebate: $650 per Unit
Max Rebate $650
Avg. Lifetime Savings $1550
Avg. Lifespan (Years) 18 - 20
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Natural Gas Boiler

Rebate: $750 per Unit
Max Rebate $750
Avg. Lifetime Savings $20000
Avg. Lifespan (Years) 18 - 20
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Heat Pump Water Heater

Rebate: $750 per Unit
Max Rebate $750
Avg. Lifetime Savings $4000
Avg. Lifespan (Years) 10 - 12
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Gas Condensing Water Heater

Rebate: $300 per Unit
Max Rebate $300
Avg. Lifetime Savings $1500
Avg. Lifespan (Years) 10 - 11
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Boiler Circulator Pump

Rebate: $35 per Unit
Max Rebate $35
Avg. Lifetime Savings $4800
Avg. Lifespan (Years) 10 - 15
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Air Source Heat Pump

Rebate: $1250 per Ton
Max Rebate $15000
Avg. Lifetime Savings $15000
Avg. Lifespan (Years) 15 - 20
Learn More

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