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.
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RESNET Conference Presentation: Creating Jobs Delivering Energy Efficiency
- 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 Employment Construction • 24.7% unemployment in construction industry (from 18.7% in October) • 38% drop in employment since 2006 Manufacturing 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 $8,000 1. Energy Assessment 2. Retrofit Fundamentals • Weatherization • Insulation Major systems • Heating / Cooling • Water Heating Renewables • Solar 3. 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 Efforts ARRA Investments • Utilize training infrastructure developed with ARRA funds • Create jobs for Weatherization workers as ARRA funds ramp down Recovery Through Retrofit • Combining HOME STAR incentives with the financing and industry standards recommended in this report will deliver results Retrofit 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 Coalition Broad Industry, Labor, Social Justice, Energy and Environmental Supporters Industry The Linc Group AFC First Financial Lowe’s Companies, Inc. Air‐Conditioning, Heating and Refrigeration MASCO Institute MASCO Home Services Andersen Corporation Owens Corning BASF The Chemical Company The Polyisocyanurate Insulation Manufacturers Association (PIMA) CertainTeed Corporation Recurve (formerly Sustainable Spaces) Conservation Services Group Renewable Funding LLC Council of the North American Insulation Serious Materials Manufacturers Association (CNAIMA) Simonton Windows and ThermaTru Doors – Fortune Brands The Dow Chemical Company Standard Renewable Energy EcoBroker International Efficiency First Labor and Social Justice Energy Federation, Inc. Blue Green Alliance GE Appliance and Lighting Change To Win Green Home Solutions by Grupe Green for All Green Homes America Laborers International Union (LiUNA) Home Depot Knauf Insulation CONTINUED 13
- 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