Biden's plan may make new homes greener and pricier

The Biden administration is planning to enforce stricter energy efficiency standards for new homes, aiming to reduce greenhouse gas emissions and lower energy costs.

Thomas Frank reports for POLITICO.

In short:

• New federal policy may require most new homes to include efficient heating and cooling systems, aligning with the latest international energy standards.
• The change could add approximately $7,200 to the cost of a new home, but potentially save homeowners $1,000 annually in energy bills.
• Homebuilders argue that the policy will further increase housing costs and deter potential buyers already challenged by high interest rates.

Key quote:

“This policy could save homeowners thousands on energy bills while significantly cutting down pollution.”

— Thomas Frank, Reporter.

Why this matters:

Implementing stricter energy codes in new homes can significantly cut the nation’s greenhouse gas emissions. Despite increasing upfront costs, long-term energy savings and environmental benefits are substantial.