Advocates Warn Extreme Heat Could Drive Home Cooling Costs to Decade High from slime inflation Watch Video

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✓ Published: 04-Jun-2024

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Advocates Warn Extreme Heat , Could Drive Home Cooling , Costs to Decade High.<br/>NBC reports that the average cost of keeping a home <br/>in the United States cool from June to September is <br/>set to hit $719 in 2024, according to new projections.<br/>Advocates for low-income households found <br/>that those annual costs for cooling a home in <br/>the summer are about 8% higher than in 2023.<br/>Back in 2021, the average cost <br/>to cool a home was down at <br/>an average of $573 annually.<br/>According to organizations that distribute federal financial <br/>support, an estimated one million fewer families <br/>will be able to receive assistance paying their energy bills. .<br/>This loss of assistance comes partly as the result of government <br/>funding for the Low Income Home Energy Assistance Program <br/>(LIHEAP) dropping to $4.1 billion, down from $6.1 billion in 2023.<br/>It’s inflation in the sense that you <br/>have to spend more to cool your <br/>house, but you’re using more of it, Mark Wolfe, Executive director of the National Energy <br/>Assistance Directors Association (NEADA), via NBC.<br/>So you can’t blame <br/>the price. This is more <br/>the price of climate change, Mark Wolfe, Executive director of the National Energy <br/>Assistance Directors Association (NEADA), via NBC.<br/>The National Oceanic and Atmospheric Administration <br/>has warned that 2024 is expected to rank among <br/>the top five hottest years on record. .<br/>According to the National Energy Assistance Directors <br/>Association (NEADA) report, many households face the <br/>risk of debt or potential utility shut-offs for nonpayment.<br/>These estimates could, in fact, <br/>understate the final costs of home <br/>cooling this summer if temperatures <br/>continue to reach record levels, National Energy Assistance Directors <br/>Association (NEADA) report, via NBC