RESNET Conference Presentation: Creating Jobs Delivering Energy Efficiency

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Our purpose is to: rapidly create jobs; stand up an American industry; contribute to energy independence; and help households lower energy costs.

Our purpose is to: rapidly create jobs; stand up an American industry; contribute to energy independence; and help households lower energy costs.

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  • 1. Creating Jobs Delivering Energy EfficiencyRESNET Conference Presentation2‐24‐10
  • 2. Our Purpose• Rapidly Create Jobs• Stand Up an American Industry• Contribute to Energy Independence• Help households lower energy costs 2
  • 3. HOME STAR Program $6 Billion• SILVER STAR – $3.6 Billion Cost:  $6 Billion Homes:      3.3 Million• GOLD STAR Jobs:   168,000 – $1.8 Billion Homeowner Saving (10 yr.):    $9.4 Billion• Financing / QA / Admin Equivalent Cars Off‐Road: 615,000 Cars – $600 Million Power Generation Offline: 4 x 300MW Plants 3
  • 4. Construction Industry EmploymentConstruction • 24.7% unemployment in construction industry  (from 18.7% in October) • 38% drop in employment since 2006Manufacturing 30.0% • 24.5 % drop in construction‐ 25.0% related manufacturing 20.0% • Construction‐related  15.0% manufacturing at less than        10.0% 62% of capacity 5.0%Related Retail 0.0% Aug‐07 Aug‐08 Aug‐09 Oct‐07 Dec‐07 Feb‐08 Apr‐08 Jun‐08 Oct‐08 Dec‐08 Feb‐09 Apr‐09 Jun‐09 Oct‐09 Dec‐09 • 14% drop in employment         since 2006 US Unemployement US Construction Unemployment 4
  • 5. . • Up to a $1,500 rebate per measure  • Not to exceed $3,000 • Not to exceed 50% of project cost SILVER STAR - Eligible Measures Rebate delivered to customer at time of purchase, but paid to installer post completion of job and quality assurance: Air Sealing Duct Seal / Replacement Attic Insulation Wall Insulation Domestic Hot Water Floor Insulation Heating Equipment Cooling Equipment Windows and Doors 5
  • 6. • $3,000 incentive for a 20% savings • $1,000 for each additional 5% savings • Not to exceed 50% of project cost or $8,0001.     Energy Assessment2. Retrofit Fundamentals • Weatherization • Insulation Major systems • Heating / Cooling • Water Heating Renewables • Solar3.    Quality Assurance 6
  • 7. Gold Star Software• Low Income Weatherization Commercially  approved alternatives• RESNET Rating (Pre/Post)• Other software as approved by the Secretary• Rebates established based on Percentage  Savings in Modeled Use
  • 8. Quality Assurance• 20%/10% field QA based on Certified  Workforce• Conducted by QA field staff that are:  – RESNET – BPI – Other DOE approved qualified staff• Existing State Approved Residential Retrofit  program
  • 9. Rebate Aggregator• Designed to be intermediary between  Contractor and Federal Rebate System• Submit data and bundle rebate checks• Incentives: $25–Silver; $35–Gold• Qualifications:  – RESNET or BPI Provider – State Approved Residential Program  – Others approved by the Secretary/includes  national contractors or retailers
  • 10. Volume of Work• Silver Star Homes: 2.9 million• Gold Star Homes: 500,000• Total Homes: 3.4 Million• Inspections: 690,000• Incentive Per Inspection/documentation: – $150 for Silver Star – $300 for Gold Star
  • 11. HOME STAR Financing• Creates up to $1.5 Billion in low interest consumer financing• $200 Million for credit supports and interest buy‐downs• Supports a wide variety of existing financial products  including, but not limited to: – Property Assessed Clean Energy (PACE) – Fannie Mae loans – Non‐collateral loans – Secured loan products – On‐bill financing• Will allow American families to achieve positive cash flow  results on most HOME STAR projects from day one 11
  • 12. Enhances Existing EffortsARRA Investments • Utilize training infrastructure developed with ARRA funds • Create jobs for Weatherization workers as ARRA funds ramp downRecovery Through Retrofit • Combining HOME STAR incentives with the financing and industry standards  recommended in this report will deliver resultsRetrofit for Energy and Environmental Performance (REEP) • Currently in House: The American Clean Energy and Security Act  (2009) • Currently in Senate: Clean Energy Jobs and  American Power Act • Currently in Senate: Energy Bill ‐ The American Clean Energy Leadership Act  (ACELA)  • Large stakeholder group including industry, labor, and environmental groups 12
  • 13. Active HOME STAR CoalitionBroad Industry, Labor, Social Justice, Energy and Environmental SupportersIndustry The Linc GroupAFC First Financial   Lowe’s Companies, Inc.Air‐Conditioning, Heating and Refrigeration  MASCOInstitute MASCO Home ServicesAndersen Corporation Owens CorningBASF The Chemical Company The Polyisocyanurate Insulation Manufacturers Association (PIMA)CertainTeed Corporation Recurve (formerly Sustainable Spaces)Conservation Services Group Renewable Funding LLCCouncil of the North American Insulation    Serious MaterialsManufacturers Association (CNAIMA) Simonton Windows and ThermaTru Doors – Fortune BrandsThe Dow Chemical Company Standard Renewable Energy EcoBroker International Efficiency First Labor and Social JusticeEnergy Federation, Inc. Blue Green AllianceGE Appliance and Lighting Change To WinGreen Home Solutions by Grupe Green for AllGreen Homes America Laborers International Union (LiUNA)Home Depot Knauf Insulation CONTINUED 13
  • 14. Active HOME STAR CoalitionBroad Industry, Labor, Social Justice, Energy and Environmental SupportersEnergy and Environmental AdvocatesACEEEAlliance to Save Energy (ASE)Building Performance Institute (BPI)Center for American Progress Action FundEnvironment AmericaENE (Environment Northeast)National Association of State Energy Offices (NASEO)Natural Resource Defense Council (NRDC)Northeast Energy Efficiency Council (NEEC)Sierra ClubUS Green Building Council (USGBC)500+ Regional Contracting, Manufacturing and related small businesses from across America. 14
  • 15. Achieving our Objectives• Speed to market – Leverage existing infrastructure – Avoid the need for extended rule making or procurement• Market based  – Match public dollars with homeowner investment – Empower existing business and organizations to scale• Insuring both short‐term job creation and a transition to a  long‐term efficient market for performance• Creating a broad bi‐partisan coalition and a win for the  environment, economy and American workers 15
  • 16. • Call To Action: http://www.efficiencyfirst.org/home‐star/ – http://www.homestarcoalition.org – E‐mail Your Members of Congress (direct from Web site) – Call your Senators – Sign on to support coalition – Letters to the Editor – Join Efficiency First and Home Star Coalition