Energy

Biden announces new funding to make homes more energy efficient

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Energy Secretary Jennifer Granholm speaks during a meeting with Secretary of State Antony Blinken, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, and European Commissioner for Energy Kadri Simson at the State Department in Washington, February 7, 2022.

Andrew Harnik | Pool | Reuters

The Biden administration on Wednesday announced new plans to spend $3.16 billion to retrofit hundreds of thousands of homes in low incomes areas, with the goal of making them more energy-efficient while also lowering utility bills for Americans.

The investment comes from President Biden’s $1.2 trillion bipartisan infrastructure bill that was signed into law…



Source cnbc.com

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