New York lights up home energy rebates

New York

The Biden-Harris Administration has announced a milestone as New York becomes the first state to launch the Home Energy Rebates programme.

Aimed at reducing utility costs and promoting clean energy, the programme is part of President Biden’s efforts to stimulate economic growth while addressing climate change.

New York’s initiative is part of a larger $8.8 billion (£6.9bn) federal investment to enhance energy efficiency in American homes, offering rebates for installations like heat pumps and insulation.

This is expected to save families up to $1 billion (£790m) annually on energy bills and create around 50,000 jobs across various sectors.

John Podesta, Senior Advisor to the President for International Climate Policy, said: “The Inflation Reduction Act’s home energy rebates for clean and energy-efficient appliances and upgrades will save families money by lowering their energy bills.”

The post New York lights up home energy rebates appeared first on Energy Live News.

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About Stu Turley 3942 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.