Biden administration to provide over $13 billion in aid to help American families lower energy bills

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  • Vice President Kamala Harris plans to announce the new initiative Wednesday when she visits the Sheet Metal Workers Training Facility and Union Hall in Boston.
  • HHS will release $4.5 billion in funding for the Low-Income Home Energy Assistance Program, which helps pay energy bills and energy-related home repairs for families.
  • The Biden administration will provide nearly $9 billion to help low- and middle-income households reduce energy costs by making energy-efficient upgrades to their homes.

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The Biden administration is providing more than $13 billion in aid to help low- and middle-income Americans lower their energy costs, including grants to pay electricity bills as well as energy-saving energy in their homes. There are also other incentives for efficient upgradation.

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Vice President Kamala Harris plans to announce the new initiative Wednesday when she visits the Sheet Metal Workers Training Facility and Union Hall in Boston, a senior administration official told reporters in a call Tuesday. The announcement reflects the administration’s efforts to reduce energy costs amid extreme temperature changes from climate change.

Under the initiative, the Department of Health and Human Services will release $4.5 billion in funding for the Low-Income Home Energy Assistance Program, which helps with energy bills and energy-related home repairs for families. The official said the amount would include $100 million from President Joe Biden’s bipartisan infrastructure legislation and $1 billion in emergency funding that the administration requested earlier this year.

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“We know that winter heating bills account for the largest portion of household energy needs for low-income households. It is therefore imperative that funds reach households as efficiently and effectively as possible,” the official said.

The Biden administration will provide nearly $9 billion to help low- and middle-income households reduce energy costs by making energy-efficient upgrades to their homes.

The funding will help up to 1.6 million homes, including installing 500,000 heat pumps.

Under the bipartisan infrastructure law, an estimated 700,000 homes will be weathered due to the revised weathering assistance program, according to the White House, keeping the administration on track to reach its goal of weathering 2 million homes.

In a nutshell, these programs will make these cost-saving upgrades more accessible to low- and middle-income households as states work toward deploying at least 12 million heat pumps by 2030, the White House said in a statement. will gain momentum.”

Harris has traveled the country over the past several months to promote the administration’s economic priorities under the Inflation Reduction Act. The initiative will invest more than $300 million in the state of Massachusetts.

Credit: www.cnbc.com /

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