Scaling Alternatives and Federal Funding – GWC Mag

Many are committed to net-zero goals, but coal, oil and natural gas still account for 80 percent of the world’s energy supply.  Scaling renewables and energy efficiency are among the anticipated solutions to reach net zero.  However, the investment required is astronomical. 

On a grassroots level, Jeff Brady, with NPR member station in Philadelphia, spoke with local resident, Jimmy Stoykov.  The homeowner explained the energy efficiency upgrades he’s making to a row home in the suburbs.  They are replacing a standard 80 percent boiler with a 95 percent condensing boiler which will save the homeowner 15 percent on their gas bill.  Soon we’ll see a tighter list of standards for refrigerators, freezers, wine chillers, washers, dryers, dishwashers, and cooking stoves.  Will consumers be eligible for financial incentives?

The Inflation Reduction Act is offering tax credit to those making necessary energy efficiency upgrades to their homes. Homeowners will save money and energy but the current administration lists greenhouse gas reduction as a main driver for this ‘pivotal provision for an Energy Efficient Home Improvement tax credit.’  Homeowners can claim up to $500 per year for installing efficient exterior doors, $600 for exterior windows and skylights, and $1,200 for insulation and air sealing. An additional $150 can be claimed for a home energy audit. With an annual cap of $3,200, the incentive is raising eyebrows.  Not everyone is in the market for home efficiency upgrades or able to take advantage of these tax credits.  The nonprofit, Energy Outreach Colorado (EOC) will assists local low-income ratepayers with federal funding for energy assistance. 

What are utilities, and energy providers, doing to encourage energy efficiency upgrades?  Has the Energy Efficient Home Improvement tax credit been made clear to all who qualify?