'The framework, if approved, would represent the largest single investment in the clean energy economy in the U.S.,' President Joe Biden said.
A handful of programs in the recently-passed infrastructure bill aim to help U.S. homeowners and renters heat and cool their homes, cook meals, and even shower — all while using less energy.
Also read: A ‘Made in America’ tax credit — what car buyers considering a Tesla, Rivian or other EVs need to know about Build Back Better Nadel called the infrastructure bill a starting point for energy-focused changes, including $3.5 billion in new funds for better access and more work crews for existing bipartisan programs that weather-proof homes with insulation and newer windows, especially for low-income neighborhoods.
Separately, the bill calls for $6.25 billion in rebates for homeowners and multifamily building owners to electrify — such as with heat pumps, electric stoves and electric dryers — with $3.8 billion of this funding dedicated for low- and moderate-income households and tribal communities. The Biden pitch says doing so will trim the cost of installing rooftop solar for a home by around 30%, shortening the payback period on a loan-financed system by around five years.
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