Nov. 27, 2014: DOE to Fund Residential Energy Efficiency Research, University-Industry Partnerships
Department Seeks Technologies That Provide Significant Energy Savings
WASHINGTON — The U.S. Department of Energy (DOE) has announced $5 million in funding to develop and demonstrate new residential energy efficiency solutions, and to support building energy efficiency research at universities and colleges. DOE will provide $4 million to support the demonstration of high-impact energy efficiency technologies and practices that can produce 50 percent energy savings in new homes by 2025 and 40 percent energy savings in existing homes by 2030. DOE will also award $1 million to American universities to fund student teams that will work in partnership with industry to develop energy efficiency technologies.
The $4 million funding opportunity, provided through DOE’s Building America program, is expected to help U.S. homeowners save as much as $12 billion a year by supporting the development of energy savings measures, HVAC equipment, and insulation and building materials that will significantly reduce a home’s heating and cooling costs. Heating and cooling loads on average account for the largest portion of a home’s energy use at 43 percent, said DOE.