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Reichert Legislation Recognized By U.S. Green Building Council

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Location: Washington, DC

Reichert Legislation Recognized By U.S. Green Building Council

Congressman Dave Reichert (WA-08), a Member of the House Ways & Means Committee, today applauded the U.S. Green Building Council (USGBC) recognition of a comprehensive, bipartisan package of energy efficiency tax incentives he introduced this Congress. The Expanding Building Efficiency Incentives Act of 2009 (H.R. 4226) is designed to reduce energy costs for families and businesses, promote innovation and conservation, and create future energy jobs.

"I thank USGBC for its recognition that the Expanding Building Efficiency Incentives Act is a collaborative, market-based, bipartisan approach to help families and businesses save on energy bills and become smarter energy consumers -- while also creating American jobs," Reichert said. "My legislation touches all aspects of energy-efficient building: constructing a new home, retrofitting an existing one, helping commercial properties conserve energy, cutting energy costs, and assisting consumers who'd like a home energy usage evaluation. The President has urged Congress to find ways to promote economic recovery, create jobs, and cut costs, and my bill will help meet those objectives."

"Green building saves energy, water and money," said Roger Platt, Senior Vice President of Global Policy & Law, USGBC. "It is one of the most promising solutions to critical global issues …. Rep. Reichert's bill will create jobs and pump money into our economy."

The USGBC "Top 10" List highlights bills introduced in Congress within the last year that would enable innovative financing for home owners and building owners to make efficiency improvements, and increase and extend incentives for improving schools and existing building stock. The organization recognizes the economic activity and jobs that come with these bills, and the ways they will encourage job growth and training in new fields of building energy management and retrofits.

BACKGROUND
The Expanding Building Efficiency Incentives Act (H.R. 4226) is composed of five key tax incentives for energy efficient building that expand on companion legislation introduced by Senators Olympia Snowe (R-ME) and Jeff Bingaman (D-NM):

1) New Energy Efficient Home Tax Credit (45L): Provides a $5,000 tax credit for the construction of a new home that is 50 percent more energy efficient than 2003 standards. Since its creation in 2005, this credit has seen a three-fold increase in usage, but it is set to expire at the end of 2009.

2) Deduction for Energy Efficient Commercial Buildings (179D): Increases and extends a deduction for energy efficient upgrades to commercial buildings.

3) Residential Property Energy Credit (25C): Offers a credit to homeowners to offset the costs of energy efficient retrofits (including new heating and cooling systems, windows, and doors) to their property.

4) Home Energy Rating Credit (25E): Provides a $200 credit for the cost incurred for a home energy rating.

5) Home Performance Auditor Certification Credit (45R): Provides a $500 credit for training to be certified to perform home energy ratings


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