Congressional Budget Office: S. 1000 would authorize appropriations for a variety of programs and activities aimed at promoting energy efficiency, particularly within residential and commercial buildings and the industrial sector. The bill also would reduce several existing authorizations of appropriations for related activities. Taken as a whole, CBO estimates that implementing S. 1000 would have a net discretionary cost of $1.2 billion over the 2012-2016 period.New Authorizations. S. 1000 would specifically authorize appropriations totaling $2.7 billion over the 2012-2016 period for DOE to carry out a variety of activities directed toward improving the energy efficiency of buildings and industrial systems. That specified amount includes:
Reduced Authorizations. To offset a portion of increased discretionary spending, S. 1000 would reduce some existing authorizations of appropriations for DOE programs to support a variety of grants, incentives, and initiatives related to industrial energy efficiency and building technologies. In total, S. 1000 would reduce amounts authorized to be appropriated by $975 million over the 2012-2013 period. Assuming future appropriations are reduced accordingly, CBO estimates that implementing S. 1000 would result in $944 million less in discretionary spending for those programs over the 2012-2016 period.
Read full from Congressional Budget Office
- $2 billion for grants to nonfederal lenders to support efforts by industrial and commercial manufacturers to improve their energy efficiency;
- $400 million to cover the federal government’s cost of providing certain types of credit support for projects to upgrade the energy efficiency of existing buildings that are privately owned;
- $200 million to establish national construction codes related to the energy efficiency of residential and commercial buildings and to provide technical assistance related to such codes;
- $20 million to provide rebates to purchasers of certain energy-efficient transformers and devices that reduce energy consumed by motors;
- $20 million for grants and other incentives to improve the efficiency of processes involved in the production and distribution of products; and
- $10 million for onsite assessments of the energy efficiency of manufacturing processes.
Reduced Authorizations. To offset a portion of increased discretionary spending, S. 1000 would reduce some existing authorizations of appropriations for DOE programs to support a variety of grants, incentives, and initiatives related to industrial energy efficiency and building technologies. In total, S. 1000 would reduce amounts authorized to be appropriated by $975 million over the 2012-2013 period. Assuming future appropriations are reduced accordingly, CBO estimates that implementing S. 1000 would result in $944 million less in discretionary spending for those programs over the 2012-2016 period.
Read full from Congressional Budget Office