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From a Certified Pro
Certified Energy Auditor
Residential Comfort & Energy Efficiency
Saturday, August 20 2022
I have over 2000 energy audits under my belt in Maryland. I enjoy teaching what I know to help guide homeowners towards better comfort & energy efficiency. It took me a while to figure things out. I can show you in a few hours.
The Future of Maryland Home Remodeling
The Inflation Reduction Act includes several incentivized programs to promote energy efficiency and combat climate change.
A big part of the bill gives rebates to homeowners who make the right energy-efficient upgrades to their homes.
Don't mistake this program for a rebate on windows and doors!
Even the President does not fully understand Home Performance, yet!
WATCH: Understanding how Maryland's current Home Performance with ENERGY STAR Program reports work will give you good insight.
Whole house solutions look to seal your house so your HVAC works less - saving you energy.
How Maryland Homeowners Will Benefit
This provision of the bill incorporated elements of legislation that Maryland lawmakers voted for called “HOPE for HOMES.”
U.S. Sen. Chris Van Hollen said there are “tremendous savings” in using energy more efficiently.
He pointed to the biggest hold up to a homeowner making improvements in their home to lower energy usage is the up-front cost.
Sometimes the up-front costs overshadow the savings gained over time and the 2022 bill makes getting the work done more attractive and affordable.
Under the Inflation Reduction Act, many homeowners will be eligible to recoup up to 50% of energy improvement costs — up to a maximum rebate of $4,000. Lower-income homeowners could be eligible for more generous rebates of up to 80% of costs, a maximum of $8,000.
INFLATION REDUCTION ACT SNAPSHOT SUMMARY: courtesy of Energy Circle
Rebates & Training Grants
Maryland residents can expect two major rebate program roll outs, better tax incentives and training dollars for local contractors to learn the key principles in order to keep up with demand.
2 MAJOR REBATE PROGRAMS FOR MARYLAND HOMEOWNERS
$4.3 Billion for HOMES (Home Owner Managing Energy Savings) Rebate Program
$4.5 Billion for High-Efficiency Electric Home Rebate Program
More immediately, the new bill makes changes to tax credits for energy efficiency upgrades.
25C Tax Credit - Energy Efficiency Home Improvements (The Nonbusiness Energy Property Tax Credit)
FOR MARYLAND CONTRACTORS
The fact that there is a provision to train contractors is a strong indicator.
There is going to be a huge need for home improvement professionals to cross from other trades into home performance.
Just look at this report about the growing need for energy auditors and other professionals that will need to learn more about home performance - likely just to keep doing their own craft.
$200 Million for State-Based Home Energy Efficiency Contractor Training Grants
What is not clear as of yet is how these newly introduced funding and program parameters will fit into Maryland's current Home Performance with ENERGY STAR® Program which already offers incentives to Maryland homowners that make the right energy efficient upgrades to their attics, basements and crawl spaces.
Subscribe to my blog for updates and they piece things together.
Home performance work makes the difference in energy savings and better home comfort.
What is lurking in your attic?