Nest is helping low-income families owe less on their utilities each month with the launch of a new program. The Power Project is an initiative meant to raise awareness about the burden of the cost of utilities on homes in the U.S.
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According to the company, one in five families spends over 20 percent of their income on their energy bill, which can be a struggle for those who can't afford it. The energy burden on low-income homes isn't just a financial inconvenience, it can be life-threatening—especially in extreme weather conditions—which is why this program is so important.
"We're committed to installing one million energy and money-saving thermostats in homes that need them most over the next five years by collaborating with energy companies, housing agencies like Fannie Mae, and non-profit organizations that are working to bring energy efficiency to everyone," Nest said in a press release.
The Nest Thermostat E normally goes for $169, but Nest is providing "special pricing" for organizations like Habitat for Humanity, making installation of the device cheaper or free for the homes that qualify for the program.
"As part of our shared vision for creating thoughtful and sustainable homes, Nest is donating a Nest Thermostat E to every Habitat for Humanity home built in the U.S. in 2018," the company said. "And for the two weeks around Earth Day, April 16th through April 30th, 10 percent of the proceeds from sales of Nest thermostats (up to $500,000) will be donated to organizations like Habitat for Humanity that are bringing energy efficient solutions to the people who need them most."
To learn how you can help the initiative, or to find out about your local energy assistance programs, click here.