The Biden administration would give more than $13 billion in aid to assist American families in reducing their energy costs
The Biden administration is offering nearly $13 billion in assistance to low- and moderate-income Americans to help them reduce their energy expenditures. This assistance includes subsidies to cover electric bills as well as additional incentives to improve their houses’ energy efficiency.
During a visit to a union hall and training center for sheet metal workers in Boston later on Wednesday, Vice President Kamala Harris planned to make the announcement, a senior administration official informed reporters in a call on Tuesday. The statement is in line with the administration’s initiatives to reduce energy expenditures in the face of abrupt temperature changes brought on by climate change.
The Low Income House Energy Assistance Program, which assists families in paying their energy bills and making energy-related home repairs, will get $4.5 billion in financing from the Department of Health and Human Services as part of the program. According to the official, the sum will include $100 million from President Joe Biden’s Bipartisan Infrastructure Law and $1 billion in emergency financing that the administration requested earlier this year.
“We are aware that the majority of low-income households’ home energy requirements are covered by their winter heating expenditures. Therefore, it is crucial that the monies reach households as quickly and effectively as possible, the source said.
The Biden administration would also provide about $9 billion to assist low- and moderate-income families reduce their energy expenditures by implementing energy-efficient improvements to their houses.
With the support of 500,000 heat pump installations, the financing will benefit up to 1.6 million houses.
According to the White House, the updated Weatherization Assistance Program will enable the administration to weatherize an estimated 700,000 homes under the Bipartisan Infrastructure Law, putting it on schedule to meet its target of 2 million homes.
In total, these programs will increase low- and moderate-income families access to these cost-saving enhancements as states get closer to delivering at least 12 million heat pumps by 2030, according to a statement from the White House.
In order to promote the administration’s economic policies as outlined by the Inflation Reduction Act, Harris has traveled the nation during the past few months. Massachusetts will get more than $300 million from the plan for investments.