The Home Owner Managing Energy Savings Act (HOMES Act), introduced by Congressmen David B. McKinley (R-WV) and Peter Welch (D-VT), would provide rebates based on projected savings. The savings would be determined by an energy audit and calculated as per the Residential Energy Services Network’s (RESNET) existing homes software modeling guidelines. The bill, which also recognizes certified RESNET Home Energy Raters and RESNET EnergySmart Home Performance Teams, would authorize $500 million for the rebates each year from 2014 to 2017, and allow for the following rebates:
Homeowners demonstrating a 20 per cent energy savings may claim a $2,000 rebate.
For every 5 per cent in additional energy savings, they can receive another $1,000 – up to a total of $8,000 or 50 per cent of the project’s cost.
The HOMES Act further stipulates that any energy efficiency improvements must be carried out by contractors who are licensed and insured to install retrofits, and accredited by industry organizations, such as RESNET for example. The rebates would be paid directly to qualifying homeowners via a rebate aggregator after quality assurance checks have been made.
Retrofits that qualify for rebates under the HOMES Act include a combination of:
Heating, ventilation and air conditioning (HVAC) equipment;
Air and duct sealing;
And other home improvements that lower energy consumption and cost.
Both Congressmen were strongly supportive of the bill. “These are common-sense ideas that will create jobs, save money for consumers and conserve energy,” Congressman McKinley said. “This issue transcends political ideology.” And according to Congressman Welch, “Encouraging energy efficiency in the private sector is a win-win-win for the consumer, the economy and the environment. And, in an era of partisan gridlock, energy efficiency is a practical, common sense idea where Democrats and Republicans can find common ground.”
The HOMES Act has been referred to the House Energy and Commerce Committee, and the Ways and Means Committee. It remains to be seen whether or not the bill will successfully pass into law.
This content was originally published by the Residential Energy Services Network (RESNET) here. This content has been republished with the permission of RESNET. RESNET is the independent, national nonprofit organization that homeowners trust to improve home energy efficiency and realize substantial savings on their utility bills. RESNET’s industry-leading standards are recognized by the U.S. Department of Energy and the U.S. Environmental Protection Agency, among others.