Biden administration approves $250M for energy efficiency upgrades in homes, businesses

The Biden administration announced on Tuesday morning that it will be allocating $250 million in formula funding for energy efficiency upgrades and retrofits of commercial and residential buildings.The Department of Energy will be accepting applications for these resources from all 50 states, five U.S. territories and the District of Columbia, through the Energy Efficiency Revolving Loan Fund Capitalization Grant Program — an initiative of the recent bipartisan infrastructure law