New Actions and Investments to Lower Energy Costs, and Make Homes More Energy Efficient and Climate Resilient
The Biden-Harris administration announced actions and investments aimed at lowering energy costs, and making affordable homes more energy efficient and climate resilient. These actions will also make solar more affordable, as well as protect against future climate risks and accelerate net-zero retrofits.
According to The White House, President Biden is focused on building a clean energy economy from the bottom up and middle out that helps hard-working families save money, protects public health, creates good-paying jobs and tackles the climate crisis. Today, the Biden-Harris Administration is announcing new actions from the U.S. Department of Housing and Urban Development as part of President Biden’s Investing in America agenda to incorporate climate risk and mitigation into federally-supported housing. These steps will help American families save money on energy costs and keep their homes warm in the winter and cool in the summer, especially as communities across the country cope with climate-fueled extreme temperatures and volatile weather. These actions will also help tackle the climate crisis by lowering pollution from buildings. These steps will provide additional support for low- and moderate-income families, and complement tax credits that families and building owners can use under the Inflation Reduction Act to install energy-saving equipment and to make building upgrades. Today’s announcements make progress toward President Biden’s goal to retrofit four million buildings and two million homes during his first term.