Homeowner
Initiatives
With
HOMESTAR is a performance based system which bridges today’s struggling
construction industry to a thriving, large-scale home performance
industry. The incentives are designed to spur rapid job creation and
will be phased out over time as the market stands up.
HOME STAR has two concurrent tracks: SILVER STAR, which creates jobs immediately with little additional training, and GOLD STAR, which is a higher quality, performance based system with certification and verification of performance standards. Over time workers – and the industry – would advance from SILVER to GOLD STAR.
Utilities and PUCs are changing focus from incentivizing specific products (e.g. CFLs) to performance retrofits, and we expect that ratepayer dollars will supplement and lend more effectiveness to the HOME STAR program. For every dollar of federal subsidy, we believe an average of two private sector dollars will be invested, creating a match that results in more jobs, and deeper carbon abatement.
In addition, incentive amounts can ratchet down over time to adjust demand. This model has been successful elsewhere and will allow us to use the market to balance incentive amounts. Higher incentives in the near term will drive a more rapid increase in demand, but costs will be controlled by reducing incentive levels as the industry stands up.
With
HOMESTAR is a performance based system which bridges today’s struggling
construction industry to a thriving, large-scale home performance
industry. The incentives are designed to spur rapid job creation and
will be phased out over time as the market stands up.HOME STAR has two concurrent tracks: SILVER STAR, which creates jobs immediately with little additional training, and GOLD STAR, which is a higher quality, performance based system with certification and verification of performance standards. Over time workers – and the industry – would advance from SILVER to GOLD STAR.
Utilities and PUCs are changing focus from incentivizing specific products (e.g. CFLs) to performance retrofits, and we expect that ratepayer dollars will supplement and lend more effectiveness to the HOME STAR program. For every dollar of federal subsidy, we believe an average of two private sector dollars will be invested, creating a match that results in more jobs, and deeper carbon abatement.
In addition, incentive amounts can ratchet down over time to adjust demand. This model has been successful elsewhere and will allow us to use the market to balance incentive amounts. Higher incentives in the near term will drive a more rapid increase in demand, but costs will be controlled by reducing incentive levels as the industry stands up.