Turn the Instant Pot on to SAUTE button mode. When hot, add the bacon and cook until brown. Remove and set aside on a paper towel-lined plate. Break or chop into bits.
Add the onion, celery, carrot, and garlic. Sauté for 5 minutes, then add the ham, chicken broth, salt, pepper, garlic powder, paprika, cayenne, peas, rice, greens, and bacon bits.
Place the lid on and lock it. Turn on MANUAL mode with high pressure selected for 28 minutes. Turn the switch to the VENTING position and allow the pressure to release manually; this usually takes 7-10 minutes. Remove the lid and stir.
Let the soup cool until it reaches the desired serving temperature.
Notes
STORE leftover Instant Pot Black Eyed Pea Soup in an airtight container in the fridge for up to 1 week. To FREEZE, place the soup in a freezer-safe container for up to 6 months.To REHEAT, thaw in the fridge overnight if frozen. Warm it up on the stove over medium heat until hot, or use the microwave in 1-minute intervals, stirring in between.