With an Opportunity for Homeowners To Save Up to $14,000, the Home Services Industry Will Soon See a Spike in Demand

The Inflation Reduction Act of 2022 , intended to lower a range of costs incurred by American families, includes guidelines specifically for lowering energy costs. In addition to experiencing decreased utility costs over time, American families will have access to “$14,000 in direct consumer rebates… to buy heat pumps or other energy efficient home appliances.”

As homeowners work to implement these changes, home services professionals are being called on. For home insulation, plumbing and HVAC businesses, it is an especially lucrative time.

“With the Inflation Reduction Act of 2022 rebates becoming available as soon as early 2023, homeowners have already begun planning their eco-friendly home upgrades,” said R. Scott Sutton , chief growth officer at Threshold Brands . “This is an exciting time for our USA Insulation, Plumbing Paramedics and Heating + Air Paramedics franchise owners as they prepare to take on a surge in demand and support families through these projects.”

According to CBS News , homeowners can receive the following benefits through the High-Efficiency Electric Home Rebate Act:

• $1,750 for a heat pump water heater

• $8,000 for a heat pump for space heating and cooling

• $840 for electric stoves, cooktops, ranges, ovens and electric heat pump clothes dryers

• $4,000 for an electric load service center upgrade

• $1,600 for insulation, air sealing and ventilation

• $2,500 for electric wiring

The rebates both incentivize homeowners to take action and make changes in their homes and provide the break needed by homeowners who have intended to make these changes but have been barred by cost. The act is expected to prompt over 10 million projects .

As homeowners begin to plan for these projects and seek professional support, there has never been a better time to invest in the home services industry. Home services businesses are generally thought of as a great source of predictable, recurring revenue, and this spike in demand will only increase the potential available in the space.

Further, thanks to Threshold Brands ’ newly-launched financing programs , business ownership is even more accessible. As the brand continues working on expanding throughout the country, franchise owners can opt-in to interest-free financing of the initial franchise fee with just 25% down. First-time franchise owners can take advantage of a program that will allow them to waive the franchise fee entirely.

“We have incredible franchise owners driving the growth inside of our world-class brands. This is an opportunity to provide more cash flexibility for our franchise owners as they get open. We want to eliminate as many hurdles and stress points for our franchise owners as possible, especially when going from signing to opening. We want our franchise owners focused on training, staffing, marketing, opening and driving value for our consumers,” Sutton said.

Threshold Brands is a holding company of a growing number of franchised service brands: USA Insulation®, MaidPro®, Sir Grout®, Patio Patrol, Men In Kilts®, Pestmaster®, Plumbing Paramedics®, Heating + Air Paramedics® and Granite Garage Floors. More information about Threshold Brands and its franchising opportunities are available at .