diff --git a/homeassistant/components/automation/__init__.py b/homeassistant/components/automation/__init__.py
index f2ef404ab34..4bf443bfeb9 100644
--- a/homeassistant/components/automation/__init__.py
+++ b/homeassistant/components/automation/__init__.py
@@ -333,8 +333,7 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Remove all automations and load new ones from config."""
         await async_get_blueprints(hass).async_reset_cache()
-        if (conf := await component.async_prepare_reload(skip_reset=True)) is None:
-            return
+        conf = await component.async_prepare_reload(skip_reset=True)
         if automation_id := service_call.data.get(CONF_ID):
             await _async_process_single_config(hass, conf, component, automation_id)
         else:
diff --git a/homeassistant/components/group/__init__.py b/homeassistant/components/group/__init__.py
index f89bf67861d..e0713eca373 100644
--- a/homeassistant/components/group/__init__.py
+++ b/homeassistant/components/group/__init__.py
@@ -194,8 +194,7 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
         - Remove group.group entities not created by service calls and set them up again
         - Reload xxx.group platforms
         """
-        if (conf := await component.async_prepare_reload(skip_reset=True)) is None:
-            return
+        conf = await component.async_prepare_reload(skip_reset=True)
 
         # Simplified + modified version of EntityPlatform.async_reset:
         # - group.group never retries setup
diff --git a/homeassistant/components/input_boolean/__init__.py b/homeassistant/components/input_boolean/__init__.py
index 57165c5508a..f39abe3f141 100644
--- a/homeassistant/components/input_boolean/__init__.py
+++ b/homeassistant/components/input_boolean/__init__.py
@@ -121,8 +121,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Remove all input booleans and load new ones from config."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            return
         await yaml_collection.async_load(
             [
                 {CONF_ID: id_, **(conf or {})}
diff --git a/homeassistant/components/input_button/__init__.py b/homeassistant/components/input_button/__init__.py
index 1488d80a1f5..c9c1e34a50a 100644
--- a/homeassistant/components/input_button/__init__.py
+++ b/homeassistant/components/input_button/__init__.py
@@ -106,8 +106,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Remove all input buttons and load new ones from config."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            return
         await yaml_collection.async_load(
             [
                 {CONF_ID: id_, **(conf or {})}
diff --git a/homeassistant/components/input_datetime/__init__.py b/homeassistant/components/input_datetime/__init__.py
index 5d2c1e7ff8d..fe51d52e0db 100644
--- a/homeassistant/components/input_datetime/__init__.py
+++ b/homeassistant/components/input_datetime/__init__.py
@@ -159,8 +159,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Reload yaml entities."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            conf = {DOMAIN: {}}
         await yaml_collection.async_load(
             [{CONF_ID: id_, **cfg} for id_, cfg in conf.get(DOMAIN, {}).items()]
         )
diff --git a/homeassistant/components/input_number/__init__.py b/homeassistant/components/input_number/__init__.py
index f55ceabc6f0..7de2e29654d 100644
--- a/homeassistant/components/input_number/__init__.py
+++ b/homeassistant/components/input_number/__init__.py
@@ -137,8 +137,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Reload yaml entities."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            conf = {DOMAIN: {}}
         await yaml_collection.async_load(
             [{CONF_ID: id_, **conf} for id_, conf in conf.get(DOMAIN, {}).items()]
         )
diff --git a/homeassistant/components/input_select/__init__.py b/homeassistant/components/input_select/__init__.py
index 44d2df02a92..507f777adb9 100644
--- a/homeassistant/components/input_select/__init__.py
+++ b/homeassistant/components/input_select/__init__.py
@@ -167,8 +167,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Reload yaml entities."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            conf = {DOMAIN: {}}
         await yaml_collection.async_load(
             [{CONF_ID: id_, **cfg} for id_, cfg in conf.get(DOMAIN, {}).items()]
         )
diff --git a/homeassistant/components/input_text/__init__.py b/homeassistant/components/input_text/__init__.py
index 7d8f6663673..d3cd7ba6527 100644
--- a/homeassistant/components/input_text/__init__.py
+++ b/homeassistant/components/input_text/__init__.py
@@ -137,8 +137,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Reload yaml entities."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            conf = {DOMAIN: {}}
         await yaml_collection.async_load(
             [{CONF_ID: id_, **(cfg or {})} for id_, cfg in conf.get(DOMAIN, {}).items()]
         )
diff --git a/homeassistant/components/person/__init__.py b/homeassistant/components/person/__init__.py
index b793f4b33ae..fd295db65c1 100644
--- a/homeassistant/components/person/__init__.py
+++ b/homeassistant/components/person/__init__.py
@@ -403,8 +403,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def async_reload_yaml(call: ServiceCall) -> None:
         """Reload YAML."""
         conf = await entity_component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            return
         await yaml_collection.async_load(
             await filter_yaml_data(hass, conf.get(DOMAIN, []))
         )
diff --git a/homeassistant/components/schedule/__init__.py b/homeassistant/components/schedule/__init__.py
index 08d0b083f7c..2325141f21d 100644
--- a/homeassistant/components/schedule/__init__.py
+++ b/homeassistant/components/schedule/__init__.py
@@ -187,8 +187,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Reload yaml entities."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            conf = {DOMAIN: {}}
         await yaml_collection.async_load(
             [{CONF_ID: id_, **cfg} for id_, cfg in conf.get(DOMAIN, {}).items()]
         )
diff --git a/homeassistant/components/script/__init__.py b/homeassistant/components/script/__init__.py
index 84cb2ecbeae..1a80bd7ae52 100644
--- a/homeassistant/components/script/__init__.py
+++ b/homeassistant/components/script/__init__.py
@@ -229,8 +229,7 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service(service: ServiceCall) -> None:
         """Call a service to reload scripts."""
         await async_get_blueprints(hass).async_reset_cache()
-        if (conf := await component.async_prepare_reload(skip_reset=True)) is None:
-            return
+        conf = await component.async_prepare_reload(skip_reset=True)
         await _async_process_config(hass, conf, component)
 
     async def turn_on_service(service: ServiceCall) -> None:
diff --git a/homeassistant/components/timer/__init__.py b/homeassistant/components/timer/__init__.py
index 3f2b4bd7f43..8f0f2625a48 100644
--- a/homeassistant/components/timer/__init__.py
+++ b/homeassistant/components/timer/__init__.py
@@ -141,8 +141,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Reload yaml entities."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            conf = {DOMAIN: {}}
         await yaml_collection.async_load(
             [{CONF_ID: id_, **cfg} for id_, cfg in conf.get(DOMAIN, {}).items()]
         )
diff --git a/homeassistant/components/zone/__init__.py b/homeassistant/components/zone/__init__.py
index 1c43a79e10e..0863f1095ba 100644
--- a/homeassistant/components/zone/__init__.py
+++ b/homeassistant/components/zone/__init__.py
@@ -265,8 +265,6 @@ async def async_setup(hass: HomeAssistant, config: ConfigType) -> bool:
     async def reload_service_handler(service_call: ServiceCall) -> None:
         """Remove all zones and load new ones from config."""
         conf = await component.async_prepare_reload(skip_reset=True)
-        if conf is None:
-            return
         await yaml_collection.async_load(conf[DOMAIN])
 
     service.async_register_admin_service(
diff --git a/homeassistant/config.py b/homeassistant/config.py
index a61fcbdbb0c..5699a2ea2ab 100644
--- a/homeassistant/config.py
+++ b/homeassistant/config.py
@@ -16,7 +16,7 @@ from pathlib import Path
 import re
 import shutil
 from types import ModuleType
-from typing import TYPE_CHECKING, Any
+from typing import TYPE_CHECKING, Any, Literal, overload
 from urllib.parse import urlparse
 
 from awesomeversion import AwesomeVersion
@@ -1208,6 +1208,39 @@ def _get_log_message_and_stack_print_pref(
     return (log_message, show_stack_trace, placeholders)
 
 
+# The complicated overloads are due to a limitation in mypy, details in
+# https://github.com/python/mypy/issues/7333
+@overload
+@callback
+async def async_process_component_and_handle_errors(
+    hass: HomeAssistant,
+    config: ConfigType,
+    integration: Integration,
+) -> ConfigType | None: ...
+
+
+@overload
+@callback
+async def async_process_component_and_handle_errors(
+    hass: HomeAssistant,
+    config: ConfigType,
+    integration: Integration,
+    *,
+    raise_on_failure: Literal[True],
+) -> ConfigType: ...
+
+
+@overload
+@callback
+async def async_process_component_and_handle_errors(
+    hass: HomeAssistant,
+    config: ConfigType,
+    integration: Integration,
+    *,
+    raise_on_failure: bool,
+) -> ConfigType | None: ...
+
+
 async def async_process_component_and_handle_errors(
     hass: HomeAssistant,
     config: ConfigType,
@@ -1226,7 +1259,7 @@ async def async_process_component_and_handle_errors(
         hass, config, integration
     )
     async_handle_component_errors(
-        hass, integration_config_info, integration, raise_on_failure
+        hass, integration_config_info, integration, raise_on_failure=raise_on_failure
     )
     return async_drop_config_annotations(integration_config_info, integration)
 
diff --git a/homeassistant/helpers/entity_component.py b/homeassistant/helpers/entity_component.py
index 0034eb1c6fc..1a03fe88aaf 100644
--- a/homeassistant/helpers/entity_component.py
+++ b/homeassistant/helpers/entity_component.py
@@ -348,28 +348,19 @@ class EntityComponent(Generic[_EntityT]):
         if found:
             await found.async_remove_entity(entity_id)
 
-    async def async_prepare_reload(
-        self, *, skip_reset: bool = False
-    ) -> ConfigType | None:
+    async def async_prepare_reload(self, *, skip_reset: bool = False) -> ConfigType:
         """Prepare reloading this entity component.
 
         This method must be run in the event loop.
         """
-        try:
-            conf = await conf_util.async_hass_config_yaml(self.hass)
-        except HomeAssistantError as err:
-            self.logger.error(err)
-            return None
+        conf = await conf_util.async_hass_config_yaml(self.hass)
 
         integration = await async_get_integration(self.hass, self.domain)
 
         processed_conf = await conf_util.async_process_component_and_handle_errors(
-            self.hass, conf, integration
+            self.hass, conf, integration, raise_on_failure=True
         )
 
-        if processed_conf is None:
-            return None
-
         if not skip_reset:
             await self._async_reset()
 
diff --git a/homeassistant/helpers/reload.py b/homeassistant/helpers/reload.py
index cdd53731d6e..0e33fedb28e 100644
--- a/homeassistant/helpers/reload.py
+++ b/homeassistant/helpers/reload.py
@@ -136,6 +136,8 @@ async def _async_reconfig_platform(
     await asyncio.gather(*tasks)
 
 
+# The complicated overloads are due to a limitation in mypy, details in
+# https://github.com/python/mypy/issues/7333
 @overload
 async def async_integration_yaml_config(
     hass: HomeAssistant, integration_name: str
diff --git a/tests/components/automation/test_init.py b/tests/components/automation/test_init.py
index 8bac0c15db9..3aee6ae1f32 100644
--- a/tests/components/automation/test_init.py
+++ b/tests/components/automation/test_init.py
@@ -704,9 +704,12 @@ async def test_reload_config_handles_load_fails(
     assert len(calls) == 1
     assert calls[0].data.get("event") == "test_event"
 
-    with patch(
-        "homeassistant.config.load_yaml_config_file",
-        side_effect=HomeAssistantError("bla"),
+    with (
+        patch(
+            "homeassistant.config.load_yaml_config_file",
+            side_effect=HomeAssistantError("bla"),
+        ),
+        pytest.raises(HomeAssistantError),
     ):
         await hass.services.async_call(automation.DOMAIN, SERVICE_RELOAD, blocking=True)