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