Biden Administration Announces $13 Billion in Aid To Help Families Lower Energy Bills

Biden Administration Announces $13 Billion , in Aid To Help Families Lower Energy Bills.

'The Hill' reports that the White House made the announcement on Nov.

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Vice President Kamala Harris will formally announce the new funding in Boston while visiting a sheet metal workers' union hall.

In addition to $4.5 billion going to the Low-Income Home Energy Assistance Program (LIHEAP).

$9 billion in Inflation Reduction Act funds will help low-income households make energy-efficient upgrades.

The White House says that the money will help 1.6 million households.

As energy prices remain high, this Administration is working to cut costs for working families and businesses through historic investments for consumer rebates for more efficient home improvements and energy-efficient appliances nationwide, Jennifer Granholm, Energy Secretary, via statement.

President Biden’s agenda means states will have greater resources to meet their consumers’ needs and more rapidly achieve home electrification on the path to a net zero emissions economy.

, Jennifer Granholm, Energy Secretary, via statement.

CNBC reports that another 700,000 homes will be weatherized under the Bipartisan Infrastructure Law.

In sum, these programs will make these cost-saving upgrades more accessible for low- and moderate-income families as states gain momentum toward deploying at least 12 million heat pumps by 2030, White House, via statement