HPC Testifies on Cost Effectiveness Testing and House Bill 514 in Maryland
Today, the Home Performance Coalition (HPC) testified before the Maryland House Economic Matters Committee in Annapolis, Maryland on House Bill 514: Energy Efficiency Programs – Calculation of Program Savings and Consideration of Cost–Effectiveness. HPC’s testimony saluted the Maryland Public Service Commission’s innovative, job creating framework for cost-effectiveness testing which be supported and strengthened by HB 514.
HPC’s testimony also focused on two recent Jobs Reports by E4TheFuture and the U.S. Department of Energy which found that energy efficiency is a massive employer with 1.9 to 2.2 million jobs nationwide and that energy efficiency accounts for about three out of every four American clean energy jobs. HPC’s testimony stated that energy efficiency dominates the Maryland energy sector with more than 67,061 energy related jobs in energy efficiency businesses and industries.
HPC emphasized research demonstrating that HB 514 and the related Maryland EmPOWER program it supports have the potential for creating and/or sustaining tens of thousands of new private sector jobs in Maryland’s residential energy efficiency markets. HB 514 would also improve and expand Maryland’s approach to consumer awareness of energy efficiency, access to financing, measurability of energy savings, incentives for utilities and place non-energy befits such as jobs, help reform cost effectiveness testing at the Maryland Public Service Commission.
HPC testified as part of a broad coalition of Maryland businesses, contractors and stakeholder groups supporting HB 514 that included Efficiency First Maryland and Advanced Energy Economy. A copy of HPC’s letter supporting HB 514, the Maryland EmPOWER program and innovative cost effectiveness testing appears here. House Bill 514’s companion proposal, Senate Bill 184 passed through the MD Senate Finance Committee on January 31, 2017.