This Small Gadget Is The Cooling Hack Renters Use To Lower Summer Electricity Bills

Americans are projected to spend an average of nearly $800 on electricity between June and September, representing a 10.5% increase from the previous year, according to the National Energy Assistance Directors Association (NEADA). This rise in energy costs exacerbates financial strain, with one in six U.S. households currently behind on utility payments and nearly 40% of households earning less than $50,000 reporting difficulties in paying energy bills. Mark Wolfe, executive director of NEADA, highlighted that increased cooling costs can compel families to make difficult choices between essential needs like food and medicine and their utility payments. A pilot program in New York City is introducing plug-in battery solutions designed to power window air conditioning units during peak demand periods, offering renters a way to reduce their electricity expenses and alleviate pressure on the power grid. Andrew Wang, CEO of Every Electric, the company collaborating with Con Edison on this initiative, described these devices as enhanced versions of portable phone chargers. Cole Ashman, founder and CEO of Pila Energy, noted that while demand response programs have existed for years, they primarily benefited homeowners with central air or smart thermostats. These new battery solutions aim to include renters, who have historically been excluded from such programs, by requiring no installation and enabling participation in grid services.
Original source — read the full reporting at the publisher:
Read on Realtor.com