The state is making an investment that will allow up to $6.5 million in loans to make homes in the state more energy-efficient and promote clean heating technologies.
Gov. Peter Shumlin and Public Service Commissioner Chris Recchia announced Thursday a $670,000 investment to free up the larger amount of money.
It’s expected that with an average home loan of $5,000 for energy-efficiency improvements, up to 1,300 homes can be served through the program.
Shumlin said investments in energy efficiency save families money on their fuel bills as well as support local jobs, strengthen the economy, and reduce greenhouse gas emissions. Recchia said thermal efficiency is one of the most cost-effective ways for Vermonters to reduce their energy bills.