comtech

February 2015

Dustin Tripp

HomE 3.0 Rebate Program

In 2010 and 2011, SouthEastern Illinois Electric Cooperative participated in the HomE Energy Efficiency Programto help Members make improvements to their homes that resulted in consuming energy more efficiently.  The Illinois Department of Commerce and Economic Opportunity (DCEO) granted Illinois Electric Cooperatives $2.5 million in American Recovery and Reinvestment Act funds for home energy efficiency improvements.  With the help of this funding, SEIEC Cooperative members installed 50 geothermal heat pumps, 73 air-source heat pumps and 27 members made insulation and weatherization improvements.

In 2013, the Illinois Department of Commerce and Economic Opportunity (DCEO) granted Illinois Cooperatives $600,000 for home energy efficiency improvements also known as the HomE Lite Rebate Program. With the help of this program, SEIEC Cooperative members installed 12 geothermal heat pumps, 13 air-source heat pumps and 8 members made insulation and weatherization improvements.

In January 2015, the Illinois DCEO granted Illinois Cooperatives an additional $400,000 for home energy efficiency improvements also known as HomE 3.0. This program applies to existing homes as well as new construction with the exception of the insulation.  The rebate for insulation/weatherization projects only apply to an existing home. In order to qualify for this grant, the home must be served by the Cooperative and be the Member’s primary residence.  Residential members could be eligible for a rebate up to $1,000. Rebates will be available until funding runs out, or until May of this year.    Following are items eligible for the rebates and the amount:

Geothermal Heat Pumps (16 SEER or greater)

$1,000

Air-source Heat Pumps (16 SEER or greater)

$500

Heat Pump Water Heater

$250

Insulation/weatherization

30% of project costs, maximum $500

 

 

According to DCEO, Cooperative members who qualify for the Illinois Home Weatherization Assistance Program through the State of Illinois do NOT qualify for the HomE energy efficiency program as these members are eligible to receive other funding for weatherization and energy efficiency improvements from the state.  In order to qualify for the Illinois Weatherization Assistance Program, the household income must be below 200 percent of the national poverty level which equates to an annual income of $47,700 for a family of four.

A renewable energy tax credit also exists for members investing in geothermal heat pumps, solar water heaters and other green technologies.  The credit covers 30 percent of the cost for approved projects completed on any type of home between 2009 and 2016.  If you have ever thought about installing a geothermal heat pump, these tax credits provide a good opportunity to achieve higher efficiencies at a much reduced overall cost.  The ENERGY STAR website, www.energystar.gov(keyword: “Tax credits”) provides a great overview of what qualifies for tax credits and includes guidance on how to apply for them.

For more information regarding the HomE 3.0 Rebate Program please visit our website at www.seiec.comor contact Stefanie Tripp, Administrative Assistant & Human Resource Manager at 618-273-2611 ext. 169.

 

See you next month and as always, "We'll keep the lights on for you."