; and (2) develop, test, and deploy innovative equipment designs that are more flexible and offer greater resiliency of electric grid functions. (c) Strategic equipment reserves (1) Authorization In carrying out the program established under subsection (a), the Secretary may establish one or more federally owned strategic equipment reserves, as appropriate, to ensure nationwide access to reserve equipment. (2) Consideration In establishing any federally owned strategic equipment reserve, the Secretary may consider existing spare transformer and equipment programs and requirements established by the private sector, regional transmission operators, independent system operators, and State regulatory authorities. (d) Consultation The program established under subsection (a) shall be carried out in consultation with the Federal Energy Regulatory Commission, the Electricity Subsector Coordinating Council, the Electric Reliability Organization, and owners and operators of critical electric infrastructure and defense and military installations. (e) Authorization of appropriations There are authorized to be appropriated to carry out this section $75,000,000 for each of fiscal years 2018 through 2022. B Energy Efficient Infrastructure 1 Home Owner Managing Energy Savings 32101. Short title This part may be cited as the Home Owner Managing Energy Savings Act of 2017 or the HOMES Act . 32102. Definitions In this part: (1) BPI The term BPI means the Building Performance Institute. (2) Energy audit The term energy audit means an inspection, survey, and analysis of energy flows for energy conservation in a building, process, or system to reduce the amount of energy input into the system without negatively affecting the output. An energy audit is the first step in identifying opportunities to reduce energy expense and carbon footprints. (3) Electric utility The term electric utility means any company, person, cooperative, State, or Indian tribe agency that delivers or sells electric energy at retail, including nonregulated