Last week, U.S. Dept. of Agriculture Secretary Tom Vilsack announced a new proposed Federal Rule that could help rural homeowners and entrepreneurs save on their utility bills and create jobs in rural areas. The new energy efficiency effort will make federal loans available for rural electric cooperatives to re-lend to electric cooperative customers throughout America who want to make their homes and businesses more energy efficient. The partnership demonstrates a new "pathway to prosperity" Vilsack said, and is "a reminder of President Obama's commitment to stronger rural communities, a stronger rural economy, and strengthening rural values."
Vilsack unveiled the details of the plan during a meeting with the Pennsylvania Rural Electric Association in downtown Harrisburg. The electric cooperatives, which distribute electricity in rural areas, will manage the loans and will collect payments on utility bills, allowing customers to spread out the loan payments. Homeowners and businesses will be able to seal air leaks and replace inefficient heating and air-conditioning systems through the program.
In addition to helping homeowners and businesses, the energy efficiency program will also create jobs for contractors who retrofit homes to make them more energy efficient and will help to reduce our dependence on foreign oil.
Read more about energy-efficient heating and cooling.
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