Investing in America Agenda

The U.S. Department of Energy (DOE) announced the availability of $63 million to accelerate the growth of domestic manufacturing of residential heat pumps, heat pump water heaters, and other heat pump systems and components. This investment from President Biden’s Inflation Reduction Act utilizes the Defense Production Act (DPA) to increase domestic production of key clean energy technologies, including electric heat pumps. The funding opportunity builds on a successful first round of $169 million in funding to manufacturers of heat pumps and components in November 2023. Electric heat pumps are critical to lowering energy costs for families, reducing the nation’s reliance on fossil fuels, bolstering national security, and tackling the climate crisis.