Today Senators Jeanne Shaheen (D-NH) and Rob Portman (R-OH) released The Energy Savings and Industrial Competitiveness Act of 2013, a new energy efficiency-based bill. The bill will take up portions of a previously introduced bill, The Energy Savings and Industrial Competitiveness Act of 2011 (S. 1000), that did not pass as part of The American Energy Manufacturing Technical Corrections Act of 2012 (H.R. 6582). The bill also contains a new private commercial building financing provision, the ‘‘Commercial Building Energy Efficiency Financing Initiative,” that will provide modest funding to states to create and operate innovative financing programs for efficiency upgrades to private sector commercial buildings.
The American Council for an Energy-Efficient Economy (ACEEE) supports the passage of The Energy Savings and Industrial Competitiveness Act of 2013, also called S. 1000, in the 113th Congress. Energy efficiency costs less than new power generation, saves families and businesses money, and creates jobs. Research done in 2012 by ACEEE demonstrated that the energy efficiency provisions of last year’s version of S. 1000, which are similar to the new bill, could have produced 80,000 net jobs and saved consumers $4 billion on their energy bills in 2020. In 2030, 159,000 net jobs would have been created and consumers would have saved $20 billion on their energy bills. Congress should seize this opportunity to strengthen our economy by passing this bill.