Energy efficient housing stimulus that pays for itself
This 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.
|Date of creation:||09 Apr 2009|
|Date of revision:|
|Publication status:||Published in Energy Policy 1.38(2010): pp. 4-11|
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- 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.
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- 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 & 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.
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