My friend & Green Guru , Michael Chandler ( www.Chandlerdesignbuild.com ) from Mebane N.C. , asked me to pass the word on his latest idea to fix America’s Energy Future and put people back to work without increasing the National Debt !
He’s been pitching the idea to secure small Home Energy Weatherization Loans using the electrical grid connection on the premise that 60% of the existing homes & commercial buildings in America could reduce their annual Energy Bills by approx. $600.00 , if they received a weatherization package that cost $5,000.00 or less ! If the banks made small loans , marketed and collected the payments through the homes electrical provider’s bills , and the work was provided by home insulation companies working with Energy Star HERS Raters , we could jump into fixing our Energy problems quickly ! The loans could be paid back by the homeowners through their monthly electrical bill , saving the taxpayers the cost of the work ! This would mean more work could be done and more jobs created , over a longer period of time without increasing our National Debt !
The government could work through existing State Energy Agencies to implement the project by facilitating low interest rate loans & filtering out the inappropriate houses where $5,000.00 wouldn’t yield enough savings to payback the $600.00 per year in order to maintain customer satisfaction . Since the loans would be secured by electric grid connection & would not result in an increased cost to the electric consumer , the Bank’s Risk would be low. The program would be available to people with bad credit , renters , small businesses , even homes with no equity or in foreclosure ! Once the loan was paid back , the savings would go to the consumer & the homeowners would benefit with lower utility costs & be insulated against future increases !
To see more on Michael’s idea & feedback go to the link in Fine Homebuilding magazine below & please spread the word !
I think Michael’s proposal with the addition of Energy Star Appliances makes a lot of sense ! What do you think ?? Keepin’ It Green ! Ed Nikles Jr.