The Biden administration on Thursday launched its long-awaited $8.5 billion home energy efficiency rebate program, the first step in its effort to help consumers upgrade older, fossil fuel devices in favor of new and more energy-efficient models.
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After the application is approved, DOE will allocate a lump sum to applicants in amounts ranging from $50 million for smaller, less populated areas to $690 million for larger and more populous states. Under the program, low-income households in some states will be eligible for up to $14,000 in rebates if they switch to more efficient devices.
DOE said the new rebate programs are expected to save consumers up to $1 billion in energy costs annually and will support some 50,000 jobs in the manufacturing and construction sectors, among others.
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