This is an excerpt from EERE Network News, a weekly electronic newsletter.

January 24, 2003

President Bush's Budget for 2004 Increases Weatherization Assistance

Energy Secretary Spencer Abraham announced on January 24th that President Bush's proposed budget for fiscal year 2004 includes $288 million for DOE's Weatherization Assistance Program. Although the fiscal year 2003 budget has not yet been finalized, the figure represents an increase of $11 million over the President's request for fiscal year 2003. The increased budget should allow energy efficiency improvements to 126,000 homes of low-income families, saving each an average of about $218 per year on utility bills. The President's proposed budget is only the first step in the budget process, providing a starting point for Congressional budget bills. See the DOE press release.

For every dollar spent, DOE's Weatherization Assistance Program returns $1.83 in energy savings over the life of the weatherized home, based on current energy prices. See the Weatherization Assistance Program Web site.