May 17, 2020

Groundbreaking Energy Efficiency Bill for Homeowners

energy digital
Energy Efficiency
Homeowners
Utilities
Admin
2 min
SAVE Act will help homeowners assess energy efficiency retrofits
Despite a lack of media attention, a new bill introduced to the Senate on Wednesday could mean huge savings for American homes. Called the SAVE Act (Se...

Despite a lack of media attention, a new bill introduced to the Senate on Wednesday could mean huge savings for American homes. Called the SAVE Act (Sensible Accounting to Value Energy), the proposed legislation will require mortgage providers to factor energy costs into mortgages that will allow homeowners to finance energy efficiency retrofits through their mortgages. In turn, the bill would help accelerate the supply and demand for energy-efficient new homes, reduce utility bills for American homeowners and create thousands of jobs.

The average homeowner spends more on energy costs than on real estate taxes or home insurance, according to the Institute for Market Transformation (IMT). Under the new bill, new guidelines would be issues through the Department of housing and Urban Development (HUD) to give American consumers a better picture of how much energy they're using in order to help them make better purchasing decisions and evaluate the need for energy upgrades. Furthermore, the act would allow homeowners to finance energy efficiency retrofits through their mortgages.

 

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The bi-partisan bill, introduced by Senators Bennet (D-Co.) and Isakson (R-Ga.), is supported by a diverse coalition of organizations, including the U.S. Chamber of Commerce, the Appraisal Institute and the U.S .Green Building Council among others. According to a recent joint analysis from the American Council for an Energy Efficient-Economy (ACEE) and the IMT, the SAVE act is estimated to create 83,000 jobs and $1.1 billion in consumer energy bill savings by 2020.

“As someone who has 30 years of experience in the resident real estate industry and who has lived through multiple recessions, I understand that recovery in the housing market and job creation in the construction sector is pivotal to getting our economy back on track,” said Isakson. “I place my support behind this bill because it has the potential to create jobs without any cost to taxpayers, and it will also improve mortgage underwriting in this country by including energy as a factor in the proccess.”

 

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Apr 20, 2021

Amazon's renewable energy projects surpass 200 milestone

Amazon
Renewables
Solar
Netzero
Dominic Ellis
2 min
Nine new projects announced today takes Amazon's renewables portfolio beyond 200 projects

Amazon claims it is now Europe's largest corporate buyer of renewable energy as its projects surpassed 200 globally.

Broken down, it has 136 solar rooftops on facilities and stores and 71 utility-scale wind and solar projects, nine of which were announced today covering the US, Canada, Spain, Sweden and UK. They include:

First solar project paired with energy storage Based in California’s Imperial Valley, Amazon’s first solar project paired with energy storage allows the company to align solar generation with the greatest demand. The project generates 100MW of solar energy, and includes 70MW storage.

First renewable project in Canada An 80 MW solar project in the County of Newell in Alberta. Once complete, it will produce over 195,000MWh of renewable energy to the grid.

Largest corporate renewable energy project in the UK Amazon’s newest project in the UK is a 350MW wind farm off the coast of Scotland and is Amazon’s largest in the country. It is also the largest corporate renewable energy deal announced by any company in the UK to date.

New projects in the US Amazon’s first renewable energy project in Oklahoma is a 118 MW wind project located in Murray County. Amazon is also building new solar projects in Ohio’s Allen, Auglaize, and Licking counties. Together, these Ohio projects will account for more than 400MW of new energy procurement in the state.

Additional investments in Spain and Sweden In Spain, Amazon’s newest solar projects are located in Extremadura and Andalucia, and together add more than 170 MW to the grid. Amazon’s newest project in Sweden is a 258 MW onshore wind project located in Northern Sweden.

It now has more than 2.5 GW of renewable energy capacity, enough to power more than two million European homes a year, and aims to power all its activities with renewables by 2025 and net zero by 2040.

Amazon and Global Optimism co-founded The Climate Pledge in 2019, a commit ment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The pledge now has 53 signatories, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy.

A map of all of Amazon’s renewable energy projects around the world can be found here.

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