Energy Savings: Act Now Before Tax Credits Expire

As federal energy assistance programs face uncertainty and utility costs surge, one family saved nearly $3,000 by installing an energy-efficient HVAC system, reducing monthly bills. However, expiring tax credits and potential rate hikes threaten to increase annual electricity costs by up to $130 by 2030. LIHEAP, a crucial program for low-income Americans, is also at risk, with North Carolina residents potentially facing a $220 annual bill increase by 2026. Experts advise families to take advantage of remaining tax credits for home energy upgrades to save on long-term utility costs. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.