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Kind Votes to Create Jobs, Reduce Dependence on Foreign Oil

WASHINGTON, DC – U.S. Rep. Ron Kind (D-WI) today voted to boost the economy by creating nearly 170,000 jobs, reducing our dependence on foreign oil, and saving American families $9 billion on energy bills over 10 years.  The Home Star Energy Retrofit Act of 2010, H.R. 5019, would provide rebates to homeowners who install energy-saving products and reduce energy use in their homes.

“This bill will save consumers money, create jobs, and enhance our national security by reducing consumption,” said Rep Kind.  “It will help put the people of western Wisconsin back to work, lower the monthly energy expenses for hard-working families by up to 30 percent, and make our nation more energy independent.”

The bill features two levels of rebates that will help an estimated 3 million American homeowners.  The Silver Star program would provide up-front rebates of up to $3,000 for the installation of proven energy-saving technologies, such as insulation, duct sealing, window and door improvements, air sealing, and advanced water heaters.  The Gold Star program rewards homeowners with up to $8,000 for conducting a comprehensive energy audit and substantially reducing energy use at home.  The rebates will be made available by retail and service companies such as hardware stores, home improvement chains and local contractors.  Remodeling and weatherization could save up to one third of average household energy costs.

This bill would boost construction and manufacturing industries in the short term by creating jobs immediately.  More than 90% of the materials and products used in eligible measures are made in the U.S.

“This bill will also reenergize American innovation and help make the investments we need to grow and build the clean energy industry,” said Rep. Kind.

The bill builds on previous tax credits for energy-efficient home improvements made possible through the Recovery Act.  Through 2010, homeowners can receive a tax credit for 30 percent of the cost of these improvements, up to $1,500.  

The Home Star Energy Retrofit Act has received bipartisan support, and has been endorsed by a broad range of business, labor, environmental, and consumer groups, including the National Association of Manufacturers, the U.S. Chamber of Commerce, and the National Association of Home Builders.