Account Authorization: R.S.: 36:354
It is the goal of this program to promote energy efficient new housing and cost effective energy efficient retrofits in existing housing. The mission of the program is to provide a home energy standards, ratings and certification program to enable the private sector to have a method to measure energy efficiency in new houses and energy efficiency improvements in existing housing. This assists private sector lenders to implement Energy Efficiency Mortgages and home energy improvement loans.
OBJECTIVES AND PERFORMANCE INDICATORS
1. In FY 1998-99, the Home Energy Efficiency Fund Program will save the energy equivalent of 3.06 million gallons of gasoline, while simultaneously reducing carbon dioxide emissions by 54.75 million pounds, and saving homeowners $3.37 million in energy cost savings.
Note: These figures represent only savings accruing from activities during the fiscal year. Since resource conservation, emission reduction and energy cost savings are cumulative, actual savings associated with the program are many times these totals.
SOURCE OF FUNDING
The Home Energy Program is funded with Self-generated Revenues and Federal Funds. The Self-generated Revenues are derived from assessing a fee ($50.00 per hour, with a minimum of $200.00 per audit) for performing home energy audits. The Federal Funds are from Federal Energy Settlement Funds.
ANALYSIS OF RECOMMENDATION
The total means of financing for this account is recommended at 114.7% of the existing operating budget. It represents 100.0% of the total request ($14,036,852) for this account. The 14.7% increase is due to Federal Energy Settlement Funds being transferred from the Energy Conservation Program energy efficiency repairs or the purchase of energy efficient houses.
Administration of the Home Energy Efficiency Program which provides for energy audits of low income residents and assists in securing loans for energy efficiency repairs or the purchase of energy efficient houses.
ACQUISITIONS AND MAJOR REPAIRS
11 DEPARTMENT OF NATURAL RESOURCES
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