H.R. 4230 (112th): HOMES Act

Introduced:
Mar 21, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. David McKinley [R-WV1]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


3/21/2012--Introduced.
Home Owner Managing Energy Savings Act of 2012 or the HOMES Act - Requires the Secretary of Energy (DOE) to establish the Home Energy Savings Retrofit Rebate Program to provide rebates to:
(1) contractors to be passed through as discounts to homeowners who retrofit their homes to achieve energy savings, or
(2) homeowners to be transferred to contractors for retrofit work.
Requires the Secretary to establish:
(1) a Federal Rebate Processing System to enable rebate aggregators to submit claims for reimbursement, and
(2) a national retrofit website that provides information on the Program. Requires the Secretary to:
(1) develop a network of rebate aggregators or a national rebate aggregator that can facilitate the delivery of rebates to reimburse participating homeowners or contractors, and
(2) develop guidelines for states to allow utilities participating as rebate aggregators to count the energy savings from their participation toward state-level energy saving targets.
Sets forth eligibility criteria for rebate aggregators.
Requires rebates to be awarded for retrofits that achieve home energy savings in accordance with this Act if a qualified home energy efficiency retrofit of a home is carried out after January 1, 2013, by a qualified contractor.
Establishes the amount of such rebates as $2,000 for a 20-24% reduction in home energy use, $3000 for a 25-29% reduction, $4,000 for a 30-34% reduction, $5,000 for a 35-39% reduction, $6,000 for a 40-44% reduction, $7,000 for a 45-49% reduction, and $8,000 for a 50% or more reduction.
Requires rebates to be paid within 60 days of the submission of the rebate forms and completion of any quality assurance assessments.
Requires:
(1) the Secretary to establish a cost effective schedule of required quality assurance assessments, and
(2) all homes to be required to have such assessment in the first year of the Program. Prohibits rebates from exceeding:
(1) $10,000 per individual, or
(2) 50% of the qualified home energy efficiency expenditures paid or incurred by the homeowner.
Sets forth eligibility criteria for such expenditures and retrofits.
Requires a state or Indian tribe that receives funding under this Act to submit to the Secretary a plan to implement a quality assurance program that covers all federally assisted residential efficiency retrofit work administered, supervised, or sponsored by the state or Indian tribe.
Sets forth provisions concerning the treatment of rebates for tax purposes (excluded from taxable income).

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Slip Laws

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United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 98 Stat. 1175

Other Citations

  • 5 U.S.C. Chapter 53
  • 44 U.S.C. Chapter 35