LOS ANGELES (CNS) - Mayor Eric Garcetti and the Los Angeles Department of Water and Power today announced a five-year, $100 million insulation rebate program.
"We are here to help people shrink their bills and make their homes more comfortable,” Garcetti said.
"This insulation rebate program will help take pressure off the electrical grid, which is increasingly stressed by a warming climate, so we can keep reducing the number of power outages caused by extreme temperatures.”
Garcetti's office said the program is expected to help Angelenos save between $200 to $375 per year on their electric bills, or 15-30 percent of average annual cooling and heating expenses.
The program will provide homeowners with a rebate that covers $1 per square foot of insulation up to 80 percent and is part of a number of rebates offered through LADWP's Consumer Rebate Program.
"Many of our customers overlook attic insulation as one of the easiest ways to save money on their electric bill. With this new rebate, we want to help make it more affordable for our customers to make their homes much more comfortable and energy efficient for years to come,” LADWP General Manager David H. Wright said. ``We encourage all of our customers to explore this and the many other money-saving programs and rebates offered by LADWP.”
Information on the rebate rebate program can be found at www.LADWP.com/CRP.
Photo: Getty Images