Reducing costs across America: New appliance standards save consumers money in every state

National appliance standards save money for consumers and businesses by reducing utility bills. As of August 2024, the Department of Energy under the Biden administration has updated standards for about two dozen products. We estimate that these standards will save a typical US household $107 each y...

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Bibliographic Details
Published in:Policy File 2024
Main Authors: Mauer, Joanna, Dunklin, Jeremy, Scarr, Abe
Format: Report
Language:English
Subjects:
Appliances
Consumers
Costs
Energy
Finance
Public interest
Online Access:Request full text
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Summary:National appliance standards save money for consumers and businesses by reducing utility bills. As of August 2024, the Department of Energy under the Biden administration has updated standards for about two dozen products. We estimate that these standards will save a typical US household $107 each year on average over the next two decades, with savings ranging from $67 to $285 depending on the state. Business owners across the United States will collectively save an average of more than $2 billion annually. These standards will also reduce harmful air pollution and water waste.