FACT CHECK: President Biden is Bringing Costs Down, Trump Wants Us Hooked on Dirty, Expensive Fossil Fuels

MILWAUKEE, WISCONSIN – Donald Trump wants to keep the country hooked on dirty fossil fuels and pad his Big Oil donors’ bottom line; meanwhile, the Biden-Harris administration’s clean energy plan is projected to save Americans $38 billion on electricity bills and over $1,000 a year on energy costs.

FACT: According to an analysis from the Rhodium Group, President Biden’s clean energy plan will help households save over $1,000 a year on energy costs. 

FACT: President Biden’s clean energy plan can save Americans an average of $500 per year on utility bills through tax credits and rebates for energy-saving home improvements like heat pumps, doors, windows, and insulation.

FACT: Climate change is projected to increase inflation by up to 1.2% points by 2035, with extreme weather increasing grocery prices, the cost of home insurance, and disrupting trade and the supply chain.  

FACT: President Biden has overseen record domestic energy production, including unprecedented investments in affordable clean energy options.

FACT: President Biden’s rooftop solar tax credits can help homeowners save about $400 a year on utility bills, and, when combined with President Biden’s residential battery tax credits, can save tens of thousands on utility bills over the system’s lifetime.

FACT: According to EnergySage, the average homeowner saves between $28,000 and $120,000 on electric bills over the life of their solar panel system.

FACT: Investments in wind and solar included in the clean energy plan lowered the cost of producing each by 55% and 40%, respectively, setting the stage for lower costs for families. 

FACT: President Biden’s clean cars standards are expected to save families over $1,000 at the pump, and tax credits make EVs more affordable by reducing the sticker price by up to $7,500, saving American families an average of $1,700 a year on fuel and maintenance costs.