Texas House Bill HB246

Texas 2021 - 87th 1st C.S.

Caption

Relating to the creation of an energy efficiency loan guarantee program under the Texas emissions reduction plan.

Impact

The bill directly amends existing statutes in the Health and Safety Code, particularly those related to emissions reduction and funding programs. By introducing this loan guarantee program, the state aims to facilitate access to financing for homeowners seeking to improve energy efficiency. This may lead to a significant reduction in energy consumption and emissions, contributing to the overall goals of the Texas emissions reduction plan, especially in nonattainment areas. The program is expected to enhance public awareness about energy efficiency and environmental impacts.

Summary

House Bill 246 aims to create an energy efficiency loan guarantee program under the Texas emissions reduction plan. The program is designed to provide loans or guarantees for residential energy efficiency improvements. The implementation of this bill is expected to support the state's efforts to reduce emissions and promote energy conservation through financial assistance for enhancing energy efficiency in existing homes. The program will be administered by the comptroller and the State Energy Conservation Office, which will set specific eligibility criteria and evaluate the program's effectiveness annually.

Contention

While the bill's objectives align with broader environmental and economic goals, there may be concerns regarding the effectiveness of loan guarantees and the potential financial implications for the state budget. Some stakeholders might question whether subsidizing residential energy efficiency through loans is the most effective approach, as it relies on property owners to take initiative. Additionally, discussions may arise over the criteria set for loan eligibility and the measurement of actual emissions reductions resulting from funded projects, emphasizing the need for transparent reporting and accountability.