Retrofitting Our Way Back to Economic Recovery

This country’s 130 million homes together generate more than 20% of the nation’s carbon dioxide greenhouse gas emissions. This is one of the most significant contributing sources in the country to global warming. Existing techniques and technologies in energy efficiency retrofitting can reduce home energy use by up to 40 percent per home on average which would also lower our national greenhouse gas emissions by 160 million metric tons annually by the year 2020. In addition doing so would reduce home energy bills by $21 billion a year and over time these savings would more than pay for the high up-front costs for energy efficiency retrofitting.

The Stimulus Bill Includes Numerous Green Initiatives – Find Out Exactly What They Are

The economic recovery package contains $78.6 billion in clean energy, energy efficiency, environmental and green transportation funding. There are also energy-related tax incentives. Prior to signing the bill, Obama spoke of how the United States can now convert crisis into opportunity, like making the country more energy efficient, and how he would like to see the nation’s amount of renewable energy doubled in the next three years.