Due to climate change, homeowners should consider upgrading their homes to withstand extreme weather events such as hurricanes. Upgrading roofs, windows, and doors can protect against wind damage and water infiltration. While expensive, these upgrades can save money in the long run by reducing damage and potential losses. Experts predict an active 2024 hurricane season, making it crucial for homeowners to prepare their homes now.
The Inflation Reduction Act has allocated $8.8 billion to make homes more energy-efficient. Eligible homeowners can receive up to $14,000 to cover upgrades like electric heat pumps, insulation, or appliances. Low- and moderate-income households will qualify for more funding. The program aims to save households over $1 billion annually in energy costs. While the first state application has been approved, it's expected that many consumers will be able to access rebates within months.
The massive energy demands of artificial intelligence (A.I.) and cryptocurrency mining are straining the U.S. power grid. Crypto mining alone consumes immense electricity, outstripping the construction of new power plants. The need for reliable baseload power keeps conventional power plants running, despite efforts to transition to renewable energy. Balancing the growing demand with the goal of decarbonization requires a diverse energy mix and infrastructure investment.
