Proposed HOMES Act will provide rebates

With Congress struggling to find consensus on most issues, Reps. David McKinley (R-W.V.) and Peter Welch (D-Vt.) today found common ground by introducing bipartisan energy efficiency legislation that will create jobs, save homeowners money and benefit the environment.

The Home Owner Managing Energy Savings (HOMES) Act will provide rebates to homeowners who invest in energy efficiency improvements. Homeowners who demonstrate a 20 percent energy savings will receive a $2,000 rebate. For every 5 percent in additional energy savings, they can receive another $1,000 – up to a total of $8,000 or 50 percent of the project’s cost. The legislation is modeled after the Welch-authored Home Star Energy Retrofit Act (H.R. 5019), which passed the House with bipartisan support in the 111th Congress.

House passed the Home Star Energy Retrofit Act of 2010

This afternoon, the House passed the Home Star Energy Retrofit Act of 2010 (H.R. 5019) with a vote of 246 to 161!  The bill passed with bi-partisan support – 12 Republicans voted in favor.

Let’s see how our Minnesota representatives voted:

  • Bachmann, Michele, Minnesota, 6th – Nay
    She likes the ‘Drill Baby Drill’ approach and evidently does not have much use for conservation.  In the aftermath of the BP spill you would think that she would see that there needs to be smart alternatives, to drilling our way out of our energy challenges.
  • Ellison, Keith, Minnesota, 5th – Yea
    Smart man!  He earned your support.
  • Kline, John, Minnesota, 2nd – Nay
    Kline writes on his site that “Any legislation designed to revive and renew our economy should help American families and small businesses by preserving and creating more jobs in America. Americans should be able to keep more of their hard-earned money – to save, spend or invest. Legislation based on those principles would put America on a direct road to economic recovery.”

    If Kline really believes in his words, that we need to create jobs and help people save money, there is is no good reason from him to vote Nay.  Remember this folks when he is up for reelection.

  • McCollum, Betty, Minnesota, 4th – No vote
  • Oberstar, James L., Minnesota, 8th – Yea
    Another smart individual who deserves your support.
  • Paulsen, Erik, Minnesota, 3rd – Nay
    What is Erik thinking??
  • Peterson, Collin C., Minnesota, 7th – Yea
    Thanks Collin.
  • Walz, Timothy J., Minnesota, 1st – Yea
    Tim understands energy conservation and deserves your support.

This is a major milestone for Home Star, but work still remains. First, the Senate must follow up and pass their version of the Home Star bill. Additionally, today’s vote was an authorization, so it must be matched with an appropriation bill. An appropriation bill will actually allocate the $6 billion dollars to the program.

HOME STAR legislation is scheduled for full U.S. House of Representative vote.

HOME STAR legislation is scheduled to be voted on by the full U.S. House of Representatives this coming Thursday, May 6.

This initiative establishes a $6 billion rebate program to encourage immediate investment in energy-efficient appliances, building mechanical systems and insulation, and whole-home energy efficiency retrofits. HOME STAR will rapidly create jobs in both construction and manufacturing, while saving families money on their energy bills. It will build on current state programs and existing industry capacity for performing both retrofits and quality assurance, using federal standards and incentives as a common platform to lower program costs and increase consumer awareness.

New Rebates & Energy Rates in Minnesota are Likely to Increase

Xcel Energy has asked the Minnesota Public Utilities Commission (MPUC) for permission to increase its electricity rates by $156.065 million.  Residential kilowatt hour rates are anticipated to rise.  The rate increase asked for will be in the summer (June-September) from 6.755¢ to 7.628¢ per kilowatt hour, an increase of 12%.  In the winter the rate increase asked for will be from 5.807¢ to 6.628¢ per kilowatt hour, an increase of 14%.

The proposed rate increase is outlined in this document from Xcel.

On a more positive note, some interesting rebates are available from Xcel for doing energy conservation work in the home.  You can see up to a $350 rebate for improving the insulation in your attic.  See this link for more details.  These rebates are in addition to Federal tax credits of up to $1500 available to you.

Between the expected rise in energy cost and the rebates and incentives available, the time has never been better for improving your homes energy performance with more insulation and air tightening.