Energy efficient housing stimulus that pays for itself
AbstractThis paper describes an energy efficient housing stimulus strategy that can: (1) quickly provide large-scale job creation; (2) reduce home energy bills by 30% to 50% with associated reductions in emissions and energy assistance spending; (3) stabilize home values and reduce foreclosure inventory; (4) help to eliminate childhood lead poisoning; and (5) implement regulatory reforms that highlight market incentives for cost effective energy efficiency and alternative home energy investments. These benefits, far in excess of costs, can be achieved by combining “lead-safe window replacement” with other weatherization activities and simple regulatory and market reforms. This strategy can help to coordinate American Recovery and Reinvestment Act funding for energy efficiency, the $75 billion Making Home Affordable plan to reduce foreclosures, and the recently announced partnership between the Departments of Energy (DOE) and Housing and Urban Development (HUD) to streamline weatherization efforts and spur job creation.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35341.
Date of creation: 09 Apr 2009
Date of revision:
Publication status: Published in Energy Policy 1.38(2010): pp. 4-11
Energy Efficiency; Cost Benefit Analysis; Housing; Lead Poisoning;
Other versions of this item:
- Nevin, Rick, 2010. "Energy-efficient housing stimulus that pays for itself," Energy Policy, Elsevier, vol. 38(1), pages 4-11, January.
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Johnson, Ruth C & Kaserman, David L, 1983. "Housing Market Capitalization of Energy-Saving Durable Goods Investments," Economic Inquiry, Western Economic Association International, vol. 21(3), pages 374-86, July.
- Nevin, Rick & Watson, Gregory, 1998. "Evidence of rational market valuations for home energy efficiency," MPRA Paper 35343, University Library of Munich, Germany.
- Nevin, Rick & Jacobs, David / E., 2006. "Windows of opportunity: lead poisoning prevention, housing affordability, and energy conservation," MPRA Paper 35342, University Library of Munich, Germany.
- Dinan, Terry M. & Miranowski, John A., 1989. "Estimating the implicit price of energy efficiency improvements in the residential housing market: A hedonic approach," Journal of Urban Economics, Elsevier, vol. 25(1), pages 52-67, January.
- Laquatra, Joseph, 1986. "Housing market capitalization of thermal integrity," Energy Economics, Elsevier, vol. 8(3), pages 134-138, July.
- Nevin, Rick, 2008. "Trends in preschool lead exposure, mental retardation, and scholastic achievement: association or causation?," MPRA Paper 35339, University Library of Munich, Germany.
- Nevin, Rick & Jacobs, David / E. & Berg, Michael & Cohen, Jonathan, 2007. "Monetary benefits of preventing childhood lead poisoning with lead-safe window replacement," MPRA Paper 35340, University Library of Munich, Germany.
- Nevin, Rick & Bender, Christopher & Gazan, Heather, 1999. "More evidence of rational market values for home energy efficiency," MPRA Paper 35344, University Library of Munich, Germany.
- Nevin, Rick, 2007. "Understanding international crime trends: The legacy of preschool lead exposure," MPRA Paper 35338, University Library of Munich, Germany.
- Nevin, Rick, 2012. "Lead Poisoning and The Bell Curve," MPRA Paper 36569, University Library of Munich, Germany.
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