Just went through the #BuildBackBetter bill text and here are some home electrification highlights:
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#energytwitter
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#energytwitter
Section 30421 provides $9 billion for home energy retrofits.
This is the biggest investment in efficiency / electrification by an order of magnitude.
Obama's Better Buildings Neighborhood Program (BBNP) invested $508 million.
This is the biggest investment in efficiency / electrification by an order of magnitude.
Obama's Better Buildings Neighborhood Program (BBNP) invested $508 million.
The second thing to note here is that the $9 billion is the same as what was allocated in the last version of the bill.
So it appears Manchin and Sinema didn't mangle this at all.
So it appears Manchin and Sinema didn't mangle this at all.
So where will that money go?
Homeowners can get rebates for the following:
- $1,250 for installing a heat pump water heater
- $3,000 for installing a heat pump with > 27,500 BTU/h capacity ($6,000 for LMI households)
Homeowners can get rebates for the following:
- $1,250 for installing a heat pump water heater
- $3,000 for installing a heat pump with > 27,500 BTU/h capacity ($6,000 for LMI households)
- $4,000 for installing a heat pump if it's cold-climate rated ($7,000 for LMI households)
- $250 if you also do air sealing, insulation, or ventilation
- $250 if you also do air sealing, insulation, or ventilation
These rebates will go up to a maximum of $10k or up to 50% of project cost ($14k for LMI and up to 100% of project cost).
All of this is huge!
All of this is huge!
As @drvolts pointed out, one other great thing in this bill is the fact that the rebates are direct payment, not tax credits.
This is great because a lot of folks don't have $10k of tax liability in a given year.
So this will put money in people's pocket's sooner.
This is great because a lot of folks don't have $10k of tax liability in a given year.
So this will put money in people's pocket's sooner.
Two other goodies in this bill:
1. $3.5 billion for the Weatherization Assistance Program (WAP).
2. $300 million to improve building codes, with $100 million going to support states and cities.
Both of these are essential if we want to decarbonize the building sector.
1. $3.5 billion for the Weatherization Assistance Program (WAP).
2. $300 million to improve building codes, with $100 million going to support states and cities.
Both of these are essential if we want to decarbonize the building sector.
Alright, that's what I've got for now.
Here's the full bill text - govinfo.gov/content/pkg/BI…
Electrification and energy efficiency stuff starts on page 399 with Sec. 30421.
Let me know what I missed!
Here's the full bill text - govinfo.gov/content/pkg/BI…
Electrification and energy efficiency stuff starts on page 399 with Sec. 30421.
Let me know what I missed!
Correction: here is the latest bill text - rules.house.gov/sites/democrat…
Also, the updated sections and appropriations for each are:
Sec. 30411 - Home energy performance-based, whole house rebates and training grants - Home owner managing energy savings (HOMES) rebates: $5,890,000,000 (page 356)
Sec. 30411 - Home energy performance-based, whole house rebates and training grants - Home owner managing energy savings (HOMES) rebates: $5,890,000,000 (page 356)
Sec. 30412 - High efficiency electric home rebate program - $2,226,000,000 (page 367)
These two programs alone add up to ~$8.1 billion.
These two programs alone add up to ~$8.1 billion.
In Sec. 30421 (page 396) there's $500 million for schools and non-profits to improve their energy efficiency.
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