Welch Introduces Bipartisan Bill to Encourage Energy Efficiency Investments in Homes
Rep. Peter Welch (D-Vt.), joined by Rep. David McKinley (R-W.Va.), today introduced bipartisan legislation that will create incentives for homeowners to invest in energy efficiency improvements. The Energy and Commerce Committee is expected to take up their bill in the near future.
The Home Owner Managing Energy Savings (HOMES) Act (H.R. 2043) will provide rebates to homeowners who invest in energy efficiency improvements. Homeowners who demonstrate at least a 20 percent energy savings will receive a $2,500 rebate. Those who demonstrate at least a 40 percent energy savings will receive a $5,000 rebate.
"Investments in efficiency are a win-win-win: Homeowners save money, new jobs are created, and the environment is protected,” said Welch. “My bill will create hundreds of thousands of jobs in building and construction, manufacturing and retail. And it will empower families to invest in their homes, saving billions in energy bills while reducing carbon emissions.”
The HOMES Act was inspired by Efficiency Vermont’s pioneering work as the nation’s first statewide energy efficiency utility. From 2000-2018 Efficiency Vermont saved Vermonters $2.4 billion in energy bills and avoided the emission of 11 million metric tons of pollutants.
Welch is the leading advocate for energy efficiency in the House and a senior member of the Energy and Commerce Committee which has jurisdiction on energy efficiency issues. He is the founder of the House Energy Saving Performance Caucus and co-chair the High Performance Building Caucus.
For full text of the bill, click HERE.