According to research from the Sierra Club, roughly 50 percent of tenants in the U.S. are cost-burdened by utility payments. As building owners nationwide address much-needed energy efficiency improvements in aging rental housing stock, there’s a growing emphasis on mitigating steep rent increases for renters.
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New research released this week from Data for Progress reveals that a bipartisan majority of American voters know about energy efficiency (68 percent) and that it can reduce energy consumption at home and lower household costs. Additionally, U.S. Energy Information Administration data shows that U.S. energy consumption per household declined by 32 percent between 1980 and 2015 even with rising electrification and appliance use. Yet, despite the broad awareness of and appreciation for energy efficiency, most voters are unaware of top actions and incentives for efficiency improvements.
The American Council for an Energy-Efficiency Economy (ACEEE) recently released a new fact sheet on the use of the 45L Builder New Home Tax Credit. The credit aided home builders nationwide last year – spurring the construction of 350,000 new energy-efficient homes, which resulted in significant cost savings for home buyers. That amounts to roughly 22 percent of new homes built in 2024.
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“Strengthening building efficiency codes is an essential element of increasing resilience and improving health and safety,” concludes a new report from Just Solutions, a climate organization that works with communities disproportionately impacted by climate change to improve outcomes.
The report, released last month, urges the adoption of the 2021 IECC efficiency standards in new single-family construction, conducting more benefit-cost analyses of investments in building energy efficiency retrofits, increasing the passive survivability of homes, and committing to a holistic approach to resilience to mitigate the impacts of worsening climate extremes. The organization joins a long list of NGOs and for-profit companies, including Zillow, now advocating for increased resiliency in U.S. housing.
Details »This week, the U.S. Energy Information Administration (EIA) forecasted that U.S. natural gas prices in 2025 and 2026 will increase by 21 percent. The projected increase in natural gas prices tempers hopes that home heating costs for Americans would decrease and comes at a time when America’s economy is dealing with persistent inflation. About 60 percent of American homes rely on natural gas.
Over 1,000 insulation, HVAC, and manufacturing companies signed a letter to House Ways and Means and Senate Finance Committee leaders last week urging them to save the 25C Energy Efficient Home Improvement Tax Credit. The $1,200 homeowner tax credit is vulnerable to repeal as congressional lawmakers identify cost savings to pay for extending the corporate and individual tax rates set during the first Trump Administration.
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With the publishing of the 2024 International Energy Conservation Code (IECC), The U.S. Environmental Protection Agency (EPA) has issued new requirements for Energy Star Single-Family New Homes (SFNH) National v3.3 and Multifamily New Construction (MFNC) National v1.3, for states that adopt the 2024 International Energy Conservation Code (IECC), or equivalent.
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U.S. heating costs are likely to increase by 8.7 percent, to an average of $941, according to the National Energy Assistance Directors Association (NEADA), which represents state administrators of federal utility aid programs for low-income households. While cost increases for all heating types will occur, the expected increase will affect consumers who heat their homes with electricity the hardest, with bills likely to increase by 14.2 percent to an average of $1,189 versus last year’s $1,040, according to NEADA. The increase is mainly due to the rise in energy use following the recent severe cold snap that blanketed much of the nation with snow and frigid temperatures.
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Maximizing energy performance to cost in new construction homes is every home builder’s goal and every home buyer’s expectation. Research shows that home buyers want energy efficiency but also need affordability. For builders committed to maximizing efficiency, fiberglass and mineral wool insulation products offer both performance and cost-effectiveness.
In this week’s blog, we highlight three publications that demonstrate that fiberglass and mineral wool can be used to meet any high-performance building approach.
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Electricity prices across America continue to increase even as the price of natural gas for electric generation is near an all-time low. Electric utility costs have increased by 24.8 percent in three years. They will continue to escalate until the Federal Electricity Energy Regulatory Commission acts to protect consumers versus the utility companies that build transmission lines.
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