H.R.1573 - National Home Energy Savings Revolving Fund Act

To establish the National Home Energy Savings Revolving Fund within the Department of Energy to provide amounts to units of general local government to make loans to homeowners for qualified home energy audits and certified energy savings improvements, and for other purposes. view all titles (2)

All Bill Titles

  • Short: National Home Energy Savings Revolving Fund Act as introduced.
  • Official: To establish the National Home Energy Savings Revolving Fund within the Department of Energy to provide amounts to units of general local government to make loans to homeowners for qualified home energy audits and certified energy savings improvements, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/17/09
 
 
 
 
 
 
 

Official Summary

National Home Energy Savings Revolving Fund Act - Establishes within the Department of Energy (DOE) the National Home Energy Savings Revolving Fund to provide funds to local governments for use in making loans to homeowners for the costs of conducting a qualified home energy audit and imple

Official Summary

National Home Energy Savings Revolving Fund Act - Establishes within the Department of Energy (DOE) the National Home Energy Savings Revolving Fund to provide funds to local governments for use in making loans to homeowners for the costs of conducting a qualified home energy audit and implementing, acquiring, and installing certified energy savings improvements. Requires the Secretary of Energy to establish procedures and techniques for home energy audits that:
(1) establish priorities for selection of energy savings improvements based on their cost-effectiveness, payback period, and contribution to energy savings;
(2) measure the energy requirement of individual dwellings and the rate of return of the total energy savings investment in a dwelling; and
(3) account for interaction among energy savings measures. Sets forth requirements concerning loan eligibility and repayment. Limits the total loan amount to a single homeowner to $10,000.

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