ConstructionDist.com |

WASHINGTON, DC - Last week, Senators Jeff Merkley Mark Pryor, Debbie Stabenow, Sherrod Brown, Bernie Sanders, and Ben Cardin introduced the "Building STAR Energy Efficiency Rebate Act of 2010" to create jobs by promoting the installation of energy-efficient renovations in commercial and multi-family residential buildings.

By utilizing rebates and low-interest loans, the "Building Star" program leverages between two and three dollars in private investment for every federal dollar spent. Rebates included in the bill would amount to $6 billion, in order to stimulate $18 to $24 billion in total investment, resulting in more than 150,000 new jobs. These jobs will pay well, allow companies to rehire laid off workers and infuse sorely needed capital into small businesses and hard-hit communities across the country. The savings accrued by building owners and the profits earned by laborers and manufacturers will power even more economic growth.

"Clean energy is not only the next great growth industry, but it's an engine for job creation today," Senator Merkley said. "Energy-efficiency programs like 'Building Star' will put Americans to work in construction and manufacturing and save small businesses money as we strive for American energy independence."

"Building STAR" is supported by PIMA and other member organizations of Rebuilding America, a ground-breaking coalition of unions, contractor associations, manufacturers, financial services companies and energy efficiency advocates.

"Building Star" is similar to "Home Star," a parallel program that offers energy- efficiency assistance to homeowners. President Barack Obama announced his support March 2nd for the residential property "Home Star" program, including the financing options recommended by Senator Merkley.