Biden administration provides more than $13 billion in aid to help American families reduce energy bills
U.S. Vice President Kamala Harris speaks at the annual Freedman’s Banking Forum at the Treasury Department in Washington, October 4, 2022.
Michael A. McCoy | Reuters
The Biden administration is providing more than $13 billion in aid to help low- and middle-income Americans reduce their energy costs, including subsidies to pay their electricity bills as well as incentives. another to upgrade energy-efficient homes.
Vice President Kamala Harris plans to announce the new initiative while visiting a sheet metal worker training facility and union hall in Boston late Wednesday, a senior administration official told Reuters. reporters on a call Tuesday. The announcement reflects the administration’s efforts to reduce energy costs amid extreme temperature changes caused by 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 to help pay energy bills and related home repairs. to energy for families. The amount will include $100 million from the Chairman Joe Biden’s The official said the Infrastructure Act was bipartisan and $1 billion in emergency funding the administration requested earlier this year.
“We know that winter heating bills make up the largest share of low-income households’ home energy needs. So it’s imperative that this money reaches households in a unique way. as efficiently and effectively as possible,” the official said.
The Biden administration will also provide approximately $9 billion to help low- and moderate-income families reduce energy costs by making energy-efficient upgrades to their homes.
This funding will help up to 1.6 million homes, including the installation of 500,000 heat pumps.
Under the bipartisan Infrastructure Law, an estimated 700,000 homes will be weathered as a result of the revised Weathering Assistance Program, putting the government on track to achieve its goal of 2 million homes against weathering, according to the House. White.
In summary, these programs will make these cost-effective upgrades more accessible to low- and middle-income families as states gain momentum toward implementing deploy at least 12 million heat pumps by 2030.”
Harris has been traveling the country for the past few months promoting the administration’s economic priorities under the Inflation Reduction Act. More than $300 million from this initiative will be invested in the state of Massachusetts.
