Feb. 20, 2012: Legislation Introduced to Create Nationwide Energy Efficiency Program
WASHINGTON — Rep. Peter Welch (D-Vt.) has unveiled bipartisan legislation to create a nationwide energy efficiency program that he said will create jobs, save homeowners money, and reduce carbon emissions.
The Home Owner Managing Energy Savings (HOMES) Act will provide rebates to homeowners who invest in energy efficiency improvements. Homeowners who demonstrate a 20 percent energy savings will receive a $2,000 rebate. For every 5 percent in additional energy savings, they can receive another $1,000 — up to a total of $8,000 or 50 percent of the project’s cost.