[Congressional Record Volume 156, Number 98 (Monday, June 28, 2010)]
[Extensions of Remarks]
[Page E1220]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     HOME ENERGY CONSERVATION BONDS

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                           HON. JIM McDERMOTT

                             of washington

                    in the house of representatives

                         Monday, June 28, 2010

  Mr. McDERMOTT. Madam Speaker, the main obstacles facing homeowners 
who want to make their homes more energy efficient are the initial 
costs and poor access to capital. The legislation I am introducing will 
give the authority to issues bonds to states and large localities 
allowing them to issue loans for residential energy efficiency 
improvements. This legislation will significantly help homeowners who 
want to renovate their homes for increased energy efficiency. Home 
Energy Conservation Bonds will help homeowners overcome the upfront 
capital costs of energy efficiency retrofits, allowing homeowners to 
drastically reduce their energy and water consumption and pay less each 
month for their utilities. Only through addressing efficiency and 
conservation in existing homes will we be able to fully address our 
nation's addiction to energy. Renovating homes for increased energy 
efficiency provides a critical economic infusion, helps create new jobs 
and stimulate local economies. I look forward to working with my 
colleagues to realize that goal.

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