Retrofitting homes is a key pillar of Joe Biden’s $2 trillion American Jobs Plan to “build back better” from the COVID-19 recession. The president urged Congress on Wednesday to mobilize $213 billion to “produce, preserve, and retrofit” more than a million homes for affordability and efficiency. In addition to creating jobs, energy efficiency measures like insulating roofs and walls and installing electric heating will save people money on their utility bills and reduce carbon emissions from the nation’s buildings.
But the Biden administration would be wise to look across the pond for a cautionary tale before rolling out any such program too quickly.
Last summer, U.K. Prime Minister Boris Johnson’s administration unveiled its own “build back better” economic stimulus package, which centered around a $2 billion program to retrofit England’s homes. The program was supposed to fund energy efficiency and clean heat upgrades in 600,000 homes, getting the country closer to net-zero emissions while creating 100,000 jobs, but it was canceled last week after a shambolic six-month run that may have killed more jobs than it spurred.
“When it comes down... Read more