For those of you who have real estate for sale or rent, be advised that the Cap and Trade energy bill that passed Congress has the following provisions:
Before any real estate, new or old, commercial or residential, can be sold or rented, the building must meet the new energy standards set forth in the Bill. These standards are about a general 35% increase in what is now required in building codes. It requires such things as requiring solar reflective roofs, double pane windows, energy efficient appliances and lighting, increased insulation, leak test, and on and on and on. In order to sell or rent any building, you will be required to have a certificate of efficiency issued by a federal building efficiency inspector (new division of the US Dept. of Energy). No certification, no sell or rent, simple as that.
[Collected via e-mail, August 2010]
A License Required for your HOUSE?
Thinking about selling your house. Take a look at
Home owners take note & tell your friends and relatives who are home owners!
Beginning 1 year after enactment of the Cap and Trade Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act.
H.R. 2454, the "Cap & Trade" bill will be the largest tax increase any of us has ever experienced.
The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. No one is excluded.
A year from now you won't be able to sell your house.
The caveat is, that if you have enough money to make required major upgrades to your home, then you can sell it. But, if not, then forget it. Even pre-fabricated homes ("mobile homes") are included. In effect, this bill prevents you from selling your home without the permission of the EPA administrator.
To get this permission,you will have to have the energy efficiency of your home measured. Cost $200 to start. Then the government will tell you what your new energy efficiency requirement is and you will be forced to make modifications to your home under the retrofit provisions of this Act to comply with the new energy and water efficiency requirements, which easily could cost over $50,000.
Then you will have to get your home measured again and get a license (called a "label" in the Act) that must be posted on your property to show what your efficiency rating is; sort of like the Energy Star efficiency rating label on your refrigerator or air conditioner. If you don't get a high enough rating, you can't sell.
And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act.
The EPA administrator, appointed by the President, will run the Cap & Trade program (AKA the "American Clean Energy and Security Act of 2009") and is authorized to make any future changes to the regulations and standards he/she alone determines to be in the government's best interest.
Requirements are set low initially so the bill will pass Congress; then the Administrator can set much tougher new standards every year.
The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings. However, the EPA administrator can set higher standards at any time.
The label will be like a license for your car. You will be required to post the label in a conspicuous location in your home and will not be allowed to sell your home without having this label. And, just like your car license, you will probably be required to get a new label every so often - maybe every year.
The government estimates the cost of measuring the energy efficiency of your home should only cost about $200 each time. Remember what they said about the auto smog inspections when they first started: that in California it would only cost $15.
That was when the program started. Now the cost is about $50 for the inspection and certificate; a 333% increase. Expect the same from the home labeling program.
Origins: HR 2454, the American Clean Energy and Security Act of 2009 (also known as the "cap-and-trade energy bill"), is a bill intended to "create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy." The bill was passed by the House of Representatives in June 2009, but it has not yet been voted upon by the Senate.
The version of the bill passed by the House sets energy efficiency standards benchmarks that must be met by new buildings, both residential and
This misinformation about mandatory energy standard retrofits and licensing requirements has been promulgated primarily through a misunderstanding of
The House Energy and Commerce Committee, who has jurisdiction over the implementation of cap-and-trade legislation, notes in their section-by-section explanation of
There is no point-of-sale guideline or any other requirement of any sort in the House passed bill. Nowhere does this bill create a federal requirement that a property owner would have to retrofit a property to any guideline at any