New proposals would decrease millions of Americans' electricity prices by up to 50%. Are you qualified to apply?
A lot of people in the United States are going to see a reduction in the skyrocketing costs of their energy bills.
In 2020, the average monthly cost of an energy bill was $117.36, as reported by the EIA of the United States.
The American Gas Association reported that the typical annual cost of a gas bill was $667.
So that is equal to $55 dollars a month.
However, the situation got worsened due to the shortage of supply, Russia's invasion of Ukraine, and the price hikes.
As a direct result of this, the administration of President Joe Biden has said that it will respond with six distinct actions.
President Biden is establishing new plan to help low-income households maintain a regular and inexpensive energy supply...
...to cool their homes as excessive heat continues to affect tens of millions of Americans.
The important move will lower solar energy expenditures by 10% annually, benefiting 4.5 million homes.
The White House said it will "support HUD-assisted renters sign up to local community solar"
It's possible that the specific eligibility requirements for each area will differ.
For DC's Solar for All plan, a family of four must make less than $113,850.
The threshold is $79,500 for a household consisting of a single individual.
The White House said Washington DC's initiatives might save as much as 50% annually.
Swipe Up To Read More Stories
Swipe Up To Read More Stories
Swipe Up