DOE Invests in Projects Designed to Cut Energy Costs

business costs regulatory cut energy costs

DOE Invests $14 Million to Increase Energy Efficiency of US Homes and Buildings

ACHR News, May 23, 2016

The U.S. Department of Energy (DOE) announced $14 million in funding for projects to significantly increase the efficiency of U.S. homes and buildings. These projects are designed to cut energy costs while leading to greater demand for new building products and technologies.

The small-medium commercial sector and homebuilding industry are critical to the American economy, but under-resourced when it comes to energy efficiency, said Kathleen Hogan, deputy assistant secretary for energy efficiency. These efficiency solutions will allow us to build better, healthier homes and significantly improve our nation’s existing building stock, cutting energy bills for American consumers and businesses.

Through the Commercial Buildings Integration program, DOE will make six awards for up to $8.4 million to nationally scale-up replicable, energy-efficient solutions for small and medium office buildings, apartments, stores, restaurants, and businesses.

These new partners will implement deep retrofit and workforce training programs, spur adoption of advanced energy-efficient technologies, and initiate efficiency programs for small businesses in low-income communities. The projects will improve the efficiency of at least 2,600 buildings nationwide, leverage almost $17 million in partner resources, and create nearly 500 jobs.

In 2014, U.S. homeowners spent roughly $70 billion to heat their homes and $24 billion to cool them. Click To Tweet

A major focus of the Building America program is cutting a home’s heating and cooling costs. Typically, heating and cooling account for 40 percent of a home’s energy consumption — the largest single energy use and more than water heating, refrigeration, and lighting combined. In 2014, U.S. homeowners spent approximately $70 billion to heat their homes and $24 billion to cool them.

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