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House Approves Incentives for Home Energy Renovations
Washington D.C. - May 7, 2010 - (RealEstateRama) -- The House of Representatives approved legislation to provide rebates and loans for home energy efficiency improvements. The Home Star Energy Retrofit Act passed by a bipartisan vote of 246 to 161. The legislation must now be considered by the US Senate.“Utility bills are the second highest cost of home ownership today, exceeded only by the mortgage payment. The Home Star bill will lower homeowners’ monthly utility bills and also create jobs, stimulate domestic manufacturing, and strengthen U.S. energy security,” said Rep. Levin. “Providing up-front rebates to consumers to increase their homes’ energy efficiency is one of the most effective steps we can take to create jobs, save energy, and help homeowners save money.”