President Joe Biden, through the U.S. Department of Energy (DOE), has now proposed a new regulation targeting water heaters. 

The DOE announced the regulation in a press release that it published on Friday, July 21.

The regulation, according to the Daily Caller, is in line with several others that we have seen from Biden's DOE, including regulations on gas stoves, dishwashers, residential laundry machines, refrigerators, and boilers.

These regulations are in furtherance of the Democrats' climate change agenda. But, this is not how they are primarily selling the regulations to the American public. Rather, the DOE, in each case, has claimed that the regulation would save Americans lots of money.

The proposed water heater regulation

Fox News summarizes that new regulation targeting water heaters.

Per the outlet:

Under the rule, the federal government would require higher efficiency for heaters using heat pump technology or, in the case of gas-fired water heaters, to achieve efficiency gains through condensing technology. Non-condensing gas-fired water heaters, though, are far cheaper and smaller, meaning they come with lower installation costs.

This proposed regulation - along with the other appliance regulation that the Biden administration has proposed - is scheduled to take effect in 2029.

U.S. Secretary of Energy Jennifer M. Granholm put out a statement on Friday, saying, "Today’s actions—together with our industry partners and stakeholders—improve outdated efficiency standards for common household appliances, which is essential to slashing utility bills for American families and cutting harmful carbon emissions."

Granholm added, "This proposal reinforces the trajectory of consumer savings that forms the key pillar of Bidenomics and builds on the unprecedented actions already taken by this Administration to lower energy costs for working families across the nation."

$200 billion in savings?

The DOE is estimating nearly $200 billion in savings for Americans as the result of the regulations that it has proposed.

The DOE claims:

These standards, which would take effect in 2029 if finalized, are expected to save Americans approximately $198 billion and reduce 501 million metric tons of harmful carbon dioxide emissions cumulatively over 30 years—roughly equivalent to the combined annual emissions of 63 million homes, or approximately 50 percent of homes in the United States.

The DOE is also estimating that manufacturers - as a result of having to implement the changes outlined in the regulations - could face anywhere from "a loss of $207.3 million to a gain of $165.5 million" through the year 2056.

The big question is whether the regulations will be as good for Americans as the Biden administration claims they will be. The answer is unclear, but many experts are skeptical.

Ben Lieberman, a senior fellow at the Competitive Enterprise Institute, told Fox News:

Consumers aren’t going to like any of it. These rules are almost always bad for consumers for the simple reason that they restrict consumer choice.