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Senate Bipartisan Energy Legislation to Include SAVE Act

Feb 13, 2014

Senators Jeanne Shaheen (D-N.H.) and Rob Portman (R-Ohio) announced energy efficiency legislation will be reintroduced shortly.

The legislation will include the SAVE Act.  The SAVE Act is co-sponsored by  Senators Michael Bennet (D-CO) and Johnny Isakson (R-GA.), would allow a home’s expected energy cost savings to be included when determining the value and affordability of the property.  The proposed legislation recognizes the RESNET Home Energy Rating standards for calculating savings.

Shaheen, who has co-sponsored the legislation (S. 1392) with Portman, told the Senate Energy and Natural Resources Committee’s Energy Subcommittee that the bill had a “great chance” of becoming law due to bipartisan support in both chambers.  Portman said Senate action could be expected on the measure possibly in the next month and that formal reintroduction of the bill would likely come the week of Feb. 24.

On the House side the House Republican leadership is reported interested in similar bipartisan legislation (H.R. 2126) in that chamber, sponsored by Representatives Peter Welch (D-VT) and David McKinley (R-WV). The House bill passed the Energy and Commerce Committee by voice vote January 28, 2014.

The 2014 RESNET Building Performance Conference will have a breakout session dedicated to the SAVE Act.  There will also be a track on policy and program issues.

Catch the Power of Performance.  Register for the 2014 RESNET Conference today!

The 2014 RESNET Conference is a not-to-miss event for the rating industry.  For more information go to 2014 RESNET Power of Performance Conference