More about the Cap and Trade
And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act. The EPA administrator, appointed by the President, will run the Cap & Trade program (AKA the “American Clean Energy and Security Act of 2009″) and is authorized to make any future changes to the regulations and standards he/she alone determines to be in the government’s best interest. Requirements are set low initially so the bill will pass Congress; then the Administrator can set much tougher new standards every year.
The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings. However, the EPA administrator can set higher standards at any time. Sect. 202 Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America.
Beginning 1 year after enactment of the Act, you won’t be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. You had better sell soon, because the standards will be raised each year and will be really hard (I.e., ex$pen$ive) to meet in a few years. Oh, goody!
The Act allows the government to give you a grant of several thousand dollars to comply with the retrofit program requirements IF you meet certain energy efficiency levels. But, wait, the State can set additional requirements on who qualifies to receive the grants. You should expect requirements such as “can’t have an income of more than $50K per year”, “home selling price can’t be more than $125K”, or anything else to target the upper middle class (and that’s YOU) and prevent them from qualifying for the grants.
Most of us won’t get a dime and will have to pay the entire cost of the retrofit out of our own pockets. More transfer of wealth, more “change you can believe in.” Sect. 204 Building Energy Performance Labeling Program establishes a labeling program that for each individual residence will identify the achieved energy efficiency performance for “at least 90 percent of the residential market within 5 years after the date of the enactment of this Act.”
And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act. The EPA administrator, appointed by the President, will run the Cap & Trade program (AKA the “American Clean Energy and Security Act of 2009″) and is authorized to make any future changes to the regulations and standards he/she alone determines to be in the government’s best interest. Requirements are set low initially so the bill will pass Congress; then the Administrator can set much tougher new standards every year.
The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings. However, the EPA administrator can set higher standards at any time. Sect. 202 Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America.
Beginning 1 year after enactment of the Act, you won’t be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. You had better sell soon, because the standards will be raised each year and will be really hard (I.e., ex$pen$ive) to meet in a few years. Oh, goody!
The Act allows the government to give you a grant of several thousand dollars to comply with the retrofit program requirements IF you meet certain energy efficiency levels. But, wait, the State can set additional requirements on who qualifies to receive the grants. You should expect requirements such as “can’t have an income of more than $50K per year”, “home selling price can’t be more than $125K”, or anything else to target the upper middle class (and that’s YOU) and prevent them from qualifying for the grants.
Most of us won’t get a dime and will have to pay the entire cost of the retrofit out of our own pockets. More transfer of wealth, more “change you can believe in.” Sect. 204 Building Energy Performance Labeling Program establishes a labeling program that for each individual residence will identify the achieved energy efficiency performance for “at least 90 percent of the residential market within 5 years after the date of the enactment of this Act.”
Will Spending Thousands of Dollars on the New Energy Guidelines Help My Kansas City Home Sell Faster? No. The buyer will still be comparing your home to similar homes. Following the new energy guildelines will not make your home worth more.
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