White House to provide $13 billion to help US families due to rising energy costs

The Biden administration, amid the nation's approaching midterm elections, will provide over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well as other incentives to make energy-efficient upgrades to their homes.

The funding is estimated to help as many as 1.6 million homes, including installing 500,000 heat pumps.

Vice President Kamala Harris plans to announce the new initiative while visiting a sheet metal workers’ training facility and union hall in Boston later Wednesday, a senior administration official said.