Advocates Warn Extreme Heat Could Drive Home Cooling Costs to Decade High

Advocates Warn Extreme Heat , Could Drive Home Cooling , Costs to Decade High.

NBC reports that the average cost of keeping a home in the United States cool from June to September is set to hit $719 in 2024, according to new projections.

Advocates for low-income households found that those annual costs for cooling a home in the summer are about 8% higher than in 2023.

Back in 2021, the average cost to cool a home was down at an average of $573 annually.

According to organizations that distribute federal financial support, an estimated one million fewer families will be able to receive assistance paying their energy bills.

.

This loss of assistance comes partly as the result of government funding for the Low Income Home Energy Assistance Program (LIHEAP) dropping to $4.1 billion, down from $6.1 billion in 2023.

It’s inflation in the sense that you have to spend more to cool your house, but you’re using more of it, Mark Wolfe, Executive director of the National Energy Assistance Directors Association (NEADA), via NBC.

So you can’t blame the price.

This is more the price of climate change, Mark Wolfe, Executive director of the National Energy Assistance Directors Association (NEADA), via NBC.

The National Oceanic and Atmospheric Administration has warned that 2024 is expected to rank among the top five hottest years on record.

.

According to the National Energy Assistance Directors Association (NEADA) report, many households face the risk of debt or potential utility shut-offs for nonpayment.

These estimates could, in fact, understate the final costs of home cooling this summer if temperatures continue to reach record levels, National Energy Assistance Directors Association (NEADA) report, via NBC