Senate approves Jansen bill to help homeowners with energy costs
LANSING — Home improvements for increased energy efficiency would be added to the list of approved purposes for Michigan Individual Development Accounts under legislation passed by the Senate Tuesday, said Sen. Mark C. Jansen, R-Gaines Township.
“This is a great program,” Jansen said. “By including qualified home improvements we will help more Michigan residents reduce their energy costs and promote energy efficiency.”
Currently, the IDA program gives low-income earners an opportunity to save for the first-time purchase of a home, continuing their education, or for business start-ups. The program also allows them to receive matching funds from public or private sources.
Under Jansen’s bill, Senate Bill 1635, qualified home improvements would include the purchase and installation of any qualified energy star product intended for residential or noncommercial use such as windows, doors, insulation, high efficiency heating and cooling equipment, and any appliances such as dishwashers, clothes washers and refrigerators.
“I look forward to seeing my bill signed into law so that residents across the state can start making these sorts of home improvements and see energy savings,” Jansen said.
SB 1635 now advances to the House of Representatives for consideration.
Posted: Tuesday, December 02, 2008
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