Can anybody explain
Quote:
(HERO) offers a cash payment for
Louisiana residents who make energy improvements to existing homes. The cash
payment is 20% of the lesser of the Energy Efficiency Premium or the cost of
improvements up to a maximum of $2,000.
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for me?
Source:
http://dnr.louisiana.gov/sec/execdiv...tives_2008.pdf
Copy + Paste from PDF
Louisiana Incentives and Laws
Home Energy Rebate Option (HERO)
Incentive Type: Cash Rebate up to $2000
Applicable Sectors: DOE - State Energy Plan
Authority: One and two family residences located in Louisiana
Effective Date: 1999
Termination Date: NONE
Amount: 20% of the lesser of the present value of the estimated total energy saved by
energy improvements over their useful lives or the cost of improvements
Maximum Amount: $2000
Limit on Overall Enrollment: Existing residence owned by a Louisiana citizen
Summary: The Louisiana Home Energy Rebate Option (HERO) offers a cash payment for
Louisiana residents who make energy improvements to existing homes. The cash
payment is 20% of the lesser of the Energy Efficiency Premium or the cost of
improvements up to a maximum of $2,000. The Energy Efficiency Premium is the
present value of the estimated total energy saved by energy improvements, over
their useful lives, made to the home. The Energy Efficiency premium is
determined by a home energy rating which is required to participate in the
program. For an existing home to qualify for HERO, its energy efficiency must be
improved by at least 30 percent.
A preliminary energy rating is required before any improvements are made to the
home. The preliminary energy rating turned into DNR by the energy rater is also
the participant’s application for the HERO program. All ratings are performed by
private sector Energy Raters, experts trained and certified to submit the required
documentation to Louisiana Department of Natural Resources, Technology
Assessment Division for participation in the HERO Program. A rating includes a
detailed computer analysis and on-site inspection of the home. The list of
approved Raters is on the website. Information and step-by-step instructions are
also available on the website shown below.
For individuals purchasing an existing home, a Home Energy Rating can also be
used to qualify the home for an Energy Efficient Mortgage (EEM). With an EEM,
homebuyers may be able to borrow additional funds to make energy
improvements at the time of purchase. The additional costs are included in their
mortgage. The reduction in energy costs from the funded improvements is
generally larger than the increase in mortgage payment.
The Louisiana Home Energy Rating system is administered by Louisiana
Department of Natural Resources, Technology Assessment Division. HERO is a
component of the Home Energy Loan Program of the Louisiana Department of
Natural Resources (DNR).
Website:
HERO - Home Energy Rebate Option - LA DNR - Technology Assessment Division
Eligible Efficiency
Technologies: Comprehensive Measures/Whole Building, Custom/Others pending approval
Eligible Renewable/
Other Technologies: NONE - Incentive is for the house design, construction and installed equipment. A
HERO home is a good start toward a sustainable home
Other Critical Information that
varies with each incentive Participation in the HERO program precludes participation in the HELP program.