HOPE for HOMES Act of 2020 Introduced with Bipartisan Support
June 24, 2020
The HOPE for HOMES Act of 2020 was introduced in the House and the Senate on June 24 with bipartisan support. The bill includes immediate relief and long-term support for the residential energy efficiency contractor industry negatively affected by the COVID-19 pandemic. It offers a two-pronged approach to support online contractor training and fuel re-hiring while providing incentives to homeowners to invest in energy efficiencies in their homes.
Since the start of the pandemic, the energy efficiency sector has lost over 413,000 jobs with projections to lose many more if immediate action is not taken. HOPE for HOMES Act proposes $500 million to support online training for contractors, preparing them to significantly advance America’s existing home infrastructure through the $6 billion Home Energy Savings Rebate program.