March 03, 2010

by Katie Throne

Cash for Caulkers

President Obama stopped by Savannah Technical College yesterday and talked about the proposed Home Star program, aka Cash for Caulkers, created to incentivize home owners to cut energy consumption.

The Home Star proposal would provide rebates that would go to consumers making improvements when they are purchasing efficient products and efficiency services. The program has two types of rebates: Silver Star and Gold Star. The Silver Star rebates would provide $1,000 to $1,500 to consumers for each straightforward upgrade, like adding insulation, duct sealing, or purchasing new efficient water heaters, HVAC units, roofing and doors. Consumers may get up to $3,000 in Silver Star rebates.

The Gold Star Rebates are where consumers get the best bang for the buck. Gold Star would offer a $3,000 rebate for a retrofit based on a home energy audit that will save at least 20 percent on energy consumption.

Of course, Congress has the final say on this plan, so expect some changes. Click HERE to get the full scoop thanks to www.greenandsave.com.

Energy | Tax

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