U.S. homes waste a lot of energy, but who has the money to remodel? The White House is pushing for financing mechanisms to ease the burden.
Joe Biden wants to remodel your home and help you figure out how to pay for it.
The Vice President today unveiled Recovery through Retrofit (full report here), a program and report designed to lay the groundwork for a full-fledged program for home energy retrofits. And if the program comes to fruition, there’s a good chance that PACE loans – which help homeowners finance retrofits with property tax assessments – and mortgages that include loans for energy efficiency will be part of the plan.