Two key federal policies play a significant role in promoting energy efficiency in new homes, saving residents substantial amounts on energy costs. One policy mandates that homes receiving FHA loans adhere to modern energy codes, potentially saving homeowners nearly $1,000 annually. However, Congress is contemplating its repeal, under pressure from builders. Additionally, the 45L tax credit incentivizes the construction of even more efficient homes, further reducing energy bills by hundreds of dollars yearly and supporting the manufactured housing sector. Proposals to eliminate these incentives threaten future energy savings for countless residents.
"The first big cost-saver at stake would ensure that new homes that receive FHA loans or support are built to up-to-date energy codes."
"By ensuring the homes are more energy efficient, they would save residents nearly $1,000 on energy bills on average, year after year."
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