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SC law could make retrofitting homes easier - Live5News.com | Charleston, SC | News, Weather, Sports

SC law could make retrofitting homes easier

COLUMBIA, SC (WCSC) -

COLUMBIA, S.C. (AP) - Gov. Mark Sanford is signing into law a loan program meant to help residents make their homes more energy-efficient and lower their utility bills with no money down.

Sanford on Wednesday afternoon is signing the measure that quickly advanced through the Legislature with bipartisan support.

The idea of tying the cost of retrofitting homes to monthly utility bills was pushed by the state's 20 electric cooperatives.

Utilities plan to lend money for updates like new heating and cooling units. Customers would repay the loan at a low interest rate, with payments built into their utility bills.

The monthly payment would be tied to the home, not the resident, so the responsibility would transfer to whoever lives there.

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