The American Council for an Energy-Efficient Economy (ACEEE) released a new analysis today finding that proposed federal legislation relating to energy efficient building retrofits would create 333,000 jobs in 2010 and 184,000 jobs in 2011. The analysis includes Home Star, a residential retrofit proposal, Building STAR, a commercial and multi-family residential retrofit program developed by the Energy Future Coalition, and a $4 billion grant to the U.S. Department of Energy to fund energy efficiency and clean energy product manufacturing projects under the American Recovery and Reinvestment Act of 2009.
Each of these three proposals focuses on creating jobs in the energy efficiency sector while simultaneously saving Americans money on their energy bills. Not only will the labor for these projects be provided locally, putting struggling Americans back to work, but most efficient window, lighting, and insulation manufacturing is located in the heartland of the United States where unemployment rates are high. ACEEE predicts that these programs would have a lasting effect on job creation long after the federal funding dries up, because energy bill savings will be reinvested in other sectors of the U.S. economy.
ACEEE predicts that Building STAR will create 130,000 jobs in 2010 and 57,000 in 2011, while Home Star will create 126,000 jobs in 2010, and the $4 billion grant to the Department of Energy will help create 77,000 jobs in 2010 and even more in 2011. Steve Nadel, Executive Director of ACEEE, said, “These estimates of job creation are probably conservative since we did not examine the impact of lower energy consumption on energy prices. When energy prices go down, money is freed up for spending in more labor-intensive parts of the economy.”
To read more, please visit www.aceee.org/energy/national/potential_leg.htm
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