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Solar panels, part of renovations done under the U.S. Housing and Urban Development Rental Assistance Demonstration (RAD) program, sit on the roof of New York City Housing Authority’s Ocean Bay Apartments in New York, NY. | Bess Adler/Bloomberg via Getty Images
The Biden administration on Thursday announced $100 million in funding to make low-income homes in the US more energy efficient and resilient to climate change. It will also start taking applications Thursday for a new credit program aimed at making it more affordable for low-income communities to install small solar and wind projects. Both programs are funded through the Inflation Reduction Act.
New technologies like heat pumps and solar panels that can save energy, lower utility bills, and prevent greenhouse gas emissions often come with a hefty price tag initially. While costs tend to drop over time with greater adoption, this usually leaves low-income households last in line. These programs aim to flip that on its head by offering...
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