BIA Voice June 2009 | Page 16

Energy Efficiency Incentives By David V. Hartke, AIA, MBA, LEED AP, cSBA, Stampfl Hartke Associates, LLC Despite the fact that oil (and gas) prices have lowered considerably over the last four months, nearly everyone here in America understands that our rates can skyrocket anytime those oil drilling or gas-production companies decide to “create” yet another price increase excuse. Americans are also very concerned with who “owns” and controls our gas sources based on the major conflicts petroleum has caused. The big issue now is that our electricity fees are about to rise dramatically as the current rate caps (a.k.a. governmental regulation) end in 2010. On a more positive note, both our state and federal governments are currently attempting to deal with these major dilemmas via tax incentives and grants that support both energy conservation practices and alternative energy sources. The governmental financial support covers energy conservation and addresses a more holistic approach which includes building envelope elements such as insulation and windows. Pennsylvania has finally approved Ed Rendell’s Energy Fund of $650 million. The state has split the fund into a variety of programs that are stretched over a 10 year horizon. That breaks it down to approximately $65 million per year and will be managed by Pennsylvania’s agencies and departments starting this year. There will be a need for our patience, though, due to the fact that each commonwealth department must first develop a guidance program before they are able to release the funds. In addition, a few departments must wait for the electric-utility rate cap expiration that is scheduled for the end of 2010, so some of the funds won’t be available until 2011. Homeowners will be reaching out to the DGS (Department of Government Services) and PADEP (Pennsylvania Department of Environmental Protection) for the Consumer Energy Program requesting grants, loans, reimbursements or rebates for up to 25% of their energy efficiency improvement cost. This includes geothermal heat pumps, windows, insulation and efficient lighting. Another $25 million will be available for the High Performance Buildings division. Both loans and grants will be available for homeowners that wish to build their new primary residence or take on a major renovation. DGS and PADEP will guide the Commonwealth Finance Authority in their financing endeavors. The amount to be provided individually to the homeowners has yet to be determined. With $25 million being distributed evenly over the next 10 years, the expected building incentive for this specific program 16 Spring 2009 will be about $2.5 million per year. Homeowners with low to medium incomes have yet another option with low interest loans by the PHFA (Pennsylvania Housing Finance Agency) as long as they only need between $1,000 and $10,000. The $5 million targeted toward this specific industry will only be available in 2008 and 2009. At the federal governmental level, the Emergency Economic Stabilization Act 2008 helped extend the homebuilder $2,000 federal tax incentive for energy efficient home construction. Builders that construct new homes that are verified to be 50% more efficient than the 2004 IECC (International Energy Conservation Code), will receive a $2,000 tax credit. This funding is independent of any state incentives or grants for the owners. Of the energy efficiency design and construction work, at least 15% of the energy savings must be proven to have been attained by the home’s insulation. As a safety-net, the Fed provides a $1,000 tax break if only a 30% to 49% energy improvement efficiency measure is met. It turns out that residentially-oriented state funds are coming out during what is, hopefully, the true bottom of our current recession. Though the total funding is slightl B