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Colorado Home Electrification Business Booms Thanks to the Inflation Reduction Act
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Colorado Home Electrification Business Booms Thanks to the Inflation Reduction Act

A small-business owner in Colorado discusses how increased demand, thanks to the Inflation Reduction Act, has boosted his business.

Building an Economy for All, Inflation Reduction Act, Small Business, +1 More

D.R. Richardson, co-founder of Elephant Energy
Denver, Colorado

With the Inflation Reduction Act’s rebates for home electrification, households can save up to $1,800 annually on their electric bills. The act induced a spike in demand that enabled D.R. Richardson’s business, which specializes in home electrification, to grow from two employees to nearly 20.

D.R. Richardson

D.R. Richardson pictured in May 2021. (Photo credit: Carey DeGenaro)

Our business has seen a huge amount of demand for heat pumps and heat pump water heaters directly as a result of this law. The Inflation Reduction Act has enabled electrification to be even more cost competitive—reducing energy bill burdens, reducing inflation, and enabling average Americans to invest in domestic residential infrastructure. You want to invest in domestic infrastructure? Build more heat pumps. D.R. Richardson

Prioritizing savings for American families lifts local businesses, bringing lasting economic growth to communities.

Read more about the benefits of the Inflation Reduction Act

Americans celebrate how the Inflation Reduction Act has benefited their lives in the year since its passage.

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