President Joe Biden has told Americans they could save $500 a month by transitioning to renewable energy. An AP Fact Check shows he misspoke. The White House actually claims that using green energy might save people $500 a year, not per month.
WASHINGTON — President Joe Biden vastly overpromised Thursday when he told Americans they can expect savings of $500 a month by transitioning to renewable energy. It’s possible they might save that much over a year, not per month.per day from the strategic petroleum reserve for the next six months.
Biden is grappling with fallout from surging energy prices, including gasoline that has reached an average of $4.23 per gallon, after the United States banned imports of Russian oil and gas. It’s unclear how much gasoline prices might dip from Biden’s new order, but the president did promise immediate savings from adopting renewable energy:
BIDEN: “If your home is powered by safer, cheaper, cleaner electricity like solar or heat pumps, you can save about $500 a month on average.”THE FACTS: Not so. The average person in the U.S. spends far less than that every month on electricity.
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