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News Room: Policy Watch

Bipartisan HOMES Act is the Perfect Trifecta: More Jobs, Less Pollution, Lower Bills

Saturday, March 31, 2012   (0 Comments)
Posted by: Julie Herman
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How can we create jobs, cut pollution and put more money in consumers’ pockets? The Home Owner Managing Energy Savings Act (HOMES Act), introduced today by Reps. McKinley (R-WV) and Welch (D-VT) would do all three. This bipartisan bill would offer homeowners rebates to undertake comprehensive home energy retrofits, making homes more comfortable and affordable, while creating jobs in the ailing construction industry implementing efficiency measures that would reduce harmful air pollution.

The HOMES Act offers homeowners a rebate of $2000 to $8000 for undertaking a retrofit designed to reduce the home’s energy use by at least 20 percent. In order to qualify for a rebate, a homeowner would hire a certified contractor who would model and implement a set of measures designed to reduce the home’s energy bills by 20 to 50 percent. These measures could include things like increased insulation, air sealing, high efficiency heating and cooling equipment, and better windows. This technology-neutral approach will allow consumers to achieve the greatest possible energy savings at the lowest cost, making their investment pay back quickly. Looking at the building as a whole-system can achieve greater cost-effective energy savings because of the synergistic interaction between different measures. For instance, a home owner could increase air sealing and insulation in their home, allowing them to buy a smaller HVAC system. See rest of article

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