Residential Energy Efficiency and the American Clean Energy and Security Act HR 2454

There is enormous potential for energy efficiency improvement in the residential sector, but there are significant market, pilicy and legacy barriers which must be overcome. The proposed Waxman-Markey bill includes multiple programs and allocates emissions allowance resources to address these barriers. If enacted, the Waxman-Markey bill would improve residential efficiency, but would not overcome all the barriers because some, such as transaction costs, are dispersed and difficult to overcome.