Washington, DC—The American Council for an Energy-Efficient Economy (ACEEE) released the following statement from Steven Nadel, its executive director, in response to the U.S. House passing the Inflation Reduction Act of 2022 and sending it to President Joe Biden for his signature:
“This is a massive win for our climate and for reducing energy costs for households and businesses.
“It’s going to enable more-efficient and electrified homes, with an unprecedented focus on helping low-income households make home improvements that cut utility bills and improve health and comfort. It’s going to improve access to lower-cost, efficient transportation options for businesses and families, and it includes several crucial steps toward decarbonizing industry. While far more investment will ultimately be needed to address the climate crisis, these programs put us on a much better path.
“Now it will be up to federal agencies, states, cities, and the private sector to make the bill’s vision a reality. Every single state will need to work expediently to set up rebate programs to enable residents to make major energy-saving home improvements. For states with older housing or limited efficiency programs, this bill represents a particularly timely opportunity to help residents live better while paying lower utility bills.
“Once the president signs this, let’s get to work.”
ACEEE’s independent research and advocacy depend on the support of foundations, businesses, and individuals committed to a cleaner, more affordable energy future for all Americans.