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HOMES Act

Introduced: April 3, 2019 Introduced by: Welch, Peter Democratic · Vermont See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2019
Subcommittee Hearings Held.
Apr 4, 2019
Referred to the Subcommittee on Energy.
Apr 3, 2019
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 3, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Home Owner Managing Energy Savings Act of 2019 or the HOMES Act

This bill provides incentives for homeowners to invest in energy efficiency improvements.

Specifically, the Department of Energy (DOE) must establish the Home Energy Savings Retrofit Rebate Program. Under the program, DOE must provide rebates to reward homeowners for achieving home energy savings. Rebates may not exceed $10,000 per individual, or 50% of the qualified home energy efficiency expenditures paid or incurred by the homeowner.

DOE must develop a network of rebate aggregators or a national rebate aggregator that can facilitate the delivery of rebates to reimburse participating homeowners or contractors. In addition, DOE must develop guidelines for allowing utilities participating as rebate aggregators to count the energy savings from their participation toward state and local level energy saving targets.

This bill provides for the tax treatment of rebates, including an exclusion of such rebates from the taxable income of the homeowner.

DOE must also make grants to states, Native American tribes, and Alaska Natives for carrying the programs established by this bill, including the development of quality assurance programs to oversee the delivery of home efficiency retrofit programs.

Finally, DOE must establish a Residential Energy Efficiency Pay for Performance pilot program to encourage the use of measured energy savings, and financial payments for those energy savings, in the operation of residential energy efficiency programs.

What's happening now April 10, 2019

Subcommittee Hearings Held.

 Committees of jurisdiction 3