The HOME STAR Energy Retrofit Act of 2010
HOME STAR Energy Retrofit Act of 2010 is a newly proposed legislation that would provide $6 billion dollars of incentives to the American people in hopes of generating an estimated three million dollars in home modifications, tens of thousands of jobs, and to strengthen the American economy.
HOME STAR is anticipated to create jobs in existing industries by providing strong short term incentives for energy efficiency enhancements in residential homes or buildings. This initiative encourages direct consumer investment in energy efficient appliances, building mechanical systems and insulation, and home inspections focused on energy efficiency improvements.
HOME STAR is expected to rapidly create jobs in both construction and manufacturing, while saving the American people money on their energy bills. HOME STAR would build on current state programs and existing industry capacity for performing both retrofits and quality assurance, using federal standards and incentives as a common platform to lower program costs and increase consumer awareness.
HOME STAR, which is a two-year program, would help Americans pay for cost effective home improvements including insulation, duct sealing and water heaters, as well as rewards for the percentage of energy saved in a whole-home retrofit.
On Thursday, April 15th the House Committee on Energy and Commerce approved the bipartisan HOME STAR Energy Retrofit Act of 2010 by a vote of 30-17 (HR 5019).
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