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Overview
• Home Star a priority legislative initiative for President Obama
• Small window of opportunity to achieve passage prior to October recess
• HSC pressing to secure support and votes for passage
HOME STAR$5 Billion*
• SILVER STAR– $3.1 Billion
• GOLD STAR– $1.5 Billion
• Financing / QA / Admin– $400 Million
Cost: Cost: $6 Billion $6 BillionHomes: Homes: 3.3 Million 3.3 MillionJobs: Jobs: 168,000 168,000
Homeowner Saving (10 yr.): $9.4 BillionHomeowner Saving (10 yr.): $9.4 BillionEquivalent Cars Off-Road:Equivalent Cars Off-Road: 615,000 Cars 615,000 CarsPower Generation Offline:Power Generation Offline: 4 x 300MW Plants 4 x 300MW Plants
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• Up to a $1,500 rebate per measure • Not to exceed $3,000• Not to exceed 50% of project cost
1. Energy Assessment
2. Retrofit Fundamentals• Weatherization• Insulation
Major systems• Heating / Cooling• Water Heating
Renewables• Solar
3. Quality Assurance
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• $3,000 incentive for a 20% savings• $1,000 for each additional 5% savings• Not to exceed 50% of project cost or $8,000
HOME STAR Financing
• $200 Million for credit supports and interest buy-downs• Supports a wide variety of existing financial products
including• Will allow American families to achieve cash flow positive
results on most HOME STAR projects from day one
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Quality Assurance Quality Assurance ProviderProvider
Rebate AggregatorRebate Aggregator
State State
Federal Rebate Federal Rebate SystemSystem
ContractorContractor
• State Energy Office regulates QA providers network., local program coordination, infrastructure development. State designates HOME STAR Financing entity.
• State Energy Office regulates QA providers network., local program coordination, infrastructure development. State designates HOME STAR Financing entity.
• Federal Database system that tracks jobs uploaded by Rebate Aggregators, notifies QA providers, and processes rebate requests.
• Federal Database system that tracks jobs uploaded by Rebate Aggregators, notifies QA providers, and processes rebate requests.
• Third party (non contractor) entities that conduct on-site quality assurance inspections, insure contractor eligibility. Entities delegated to RESNET or BPI QA providers, existing state residential efficiency program, or entity designated by the Secretary.
• Third party (non contractor) entities that conduct on-site quality assurance inspections, insure contractor eligibility. Entities delegated to RESNET or BPI QA providers, existing state residential efficiency program, or entity designated by the Secretary.
• Entity that aggregates job data and rebate forms, checks to ensure eligibility and accuracy, uploads to Federal Rebate System, then distributes payments to contractors. QA providers, Existing Residential Retrofit programs, and national companies are all eligible to be Rebate Aggregators as determined by the secretary. Companies that contract with homeowners can perform Rebate Aggregator role but not QA role.
• Entity that aggregates job data and rebate forms, checks to ensure eligibility and accuracy, uploads to Federal Rebate System, then distributes payments to contractors. QA providers, Existing Residential Retrofit programs, and national companies are all eligible to be Rebate Aggregators as determined by the secretary. Companies that contract with homeowners can perform Rebate Aggregator role but not QA role.
• Company that enters into contracting agreement with homeowners. Silver Star Contractors eligible with License and insurance. Gold Star requires BPI Accreditation or other standards approved by the Secretary.
• Company that enters into contracting agreement with homeowners. Silver Star Contractors eligible with License and insurance. Gold Star requires BPI Accreditation or other standards approved by the Secretary.
HOME STAR Program ActorsHOME STAR Program Actors
Legislative Design Objectives• Primary objective: move quickly to create jobs based on
existing infrastructure• Establish program elements in legislation to avoid the
need for extended rule making or procurement• Let the market work: Work through predefined
organizations and networks• Insure both short-term job creation and long-term quality
jobs through financing, standards, and enhanced infrastructure
• Build a broad coalition that can support abi-partisan solution
Integration with State and Regulatory Programs
• Existing utility/state programs are pre-authorized to act at Rebate Aggregators and QA providers
• New Aggregators must coordinate with and not disrupt existing approved programs
• Energy Office and Utility Support
Integration of Home Star andExisting State Programs
• Existing programs provide Rebate Aggregation + QA
• Adjust existing programs to accommodate new Federal $
• Use Home Star funds to the State to introduce or expand components: financing, QA, training
