Sens. Michael Bennet (D-Colo.) and Johnny Isakson (R-Ga.) have reintroduced the bipartisan Sensible Accounting to Value Energy (SAVE) Act, valuable legislation that considers an important reality of being a homeowner: that energy costs are among our highest expenses.
“Monthly energy bills constitute a major expense for families and the SAVE Act will help them make more informed decisions when purchasing a home and provide them with a better understanding of how much they can save by investing in energy efficiencies for their home,” Bennet said in a June 6 announcement.
“I place my support behind this bill because it has the potential to create jobs, and it will also improve mortgage underwriting in this country by including energy valuation as a factor in the process,” Isakson added.
Energy-efficient technologies that help reduce home energy bills include high-performance insulation, roofing, windows, appliances and solar panels, to name a few. These and many other energy-saving innovations rely on chemistry.
In fact, the products of chemistry save up to 11.1 percent of total U.S. energy consumption per year, according to an ACC study – enough to power, light, heat and cool up to 56 million homes or power 135 million vehicles annually. They also save Americans up to $85 billion every year.