Janet Yellen Secretary of the Treasury | Twitter Website
The U.S. Treasury Department recently co-hosted a meeting with the White House to discuss the implementation of the Inflation Reduction Act's provisions aimed at reducing household utility costs. The act is designed to extend and strengthen tax credits that reduce the costs of energy-efficient appliances, energy-saving home improvement projects, and residential clean energy installations.
The meeting was attended by U.S. Deputy Secretary of the Treasury Wally Adeyemo, Chief Implementation Officer for the Inflation Reduction Act Laurel Blatchford, along with other senior Treasury officials. The discussion centered around the department's outreach and public education efforts regarding the act's clean energy provisions. The goal is to ensure all Americans benefit from the growth of the clean energy economy.
Senior Treasury officials underscored the importance of private sector and philanthropic partners in raising awareness about consumer credits. They also discussed potential areas for collaboration, including strategies to make key home upgrades more affordable for working families.
New initiatives and programs were announced by both government entities and external partners. These are intended to address two primary challenges: raising awareness about these opportunities and making them more affordable.
