"Biden Administration Implements Energy-Saving Measures for Affordable Water Heaters"

The Biden administration has proposed a new rule that would require more efficient water heaters, encouraging companies to update outdated technology and reduce utility costs and greenhouse gas emissions. The rule would save consumers $11.4 billion annually and reduce carbon dioxide emissions by 501 million metric tons over 30 years. New electric storage water heaters would need to use heat pumps, while some gas-fired instantaneous heaters would need to use condensing technology. The change is expected to save Americans $198 billion over the same period. Water heating accounts for 13% of residential energy use, and the proposed rule aligns with expectations from consumer groups, environmental advocates, and manufacturers.