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House Passes Climate Legislation

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The House of Representatives passed the American Clean Energy and Security Act of 2009, H.R. 2454, energy and climate legislation that includes provisions for green building incentives. One provision, the Retrofit for Energy and Environmental Performance program, supports the creation of retrofitting initiatives for buildings that offer incentives such as credit enhancements, interest-rate subsidies, and initial capital for public revolving loan funds. The Green Resources for Energy Efficient Neighborhoods Act provides incentives for financial institutions to provide lower interest loans and other benefits to consumers who build, buy, or remodel their homes in an energy efficient manner. Other provisions include the Building Energy Performance Labeling Program to direct the Environmental Protection Agency to create model building energy performance labels; extension of power purchasing authority for federal agencies, allowing the federal government to enter contracts to purchase renewable power for up to 20 years; and the EPA’s WaterSense program, which receives permanent authorization to designate products as water efficient. More information is online at energycommerce.house.gov.

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