Biden DOE finalizes appliance efficiency standards saving consumers $1 trillion

The Biden Department of Energy finalizes updated energy efficiency standards for dozens of household appliances and equipment including water heaters, furnaces, air conditioners, refrigerators, dishwashers, and lighting. The standards, updated for the first time in many cases in over a decade, are projected to provide nearly $1 trillion in consumer savings over 30 years, saving the average family at least $100 per year on utility bills. They also reduce greenhouse gas emissions by over 2 billion metric tons, equivalent to the annual emissions of more than 15 million gas-powered cars over 30 years. The standards are challenged by industry groups and Republican states but largely survive legal challenges.