Cash for Caulkers 2010, also known as the Home Star bill, offers homeowners rebates from $ 3,000 to $ 8,000 for energy-efficient improvements to their homes. The Cash for Caulkers 2010 bill, which was passed by the House, will dole out $ 5.7 billion over two years for a program aimed to stimulate the construction industry, which has been gutted severely by the recession. Republicans, as usual, were nearly united in opposition to the Cash for Caulkers bill, which still needs Senate approval before President Obama can sign it.
Cash for Caulkers and details
Because of Cash for Caulkers 2010, Homeowners won’t need a loan to make energy saving home improvements. The bill is very much inspired by the Cash for Clunkers 2009 bill that encouraged car buyers to get rid of their gas hogs. CBS News reports that Cash for Caulkers details include two programs: There is the Silver Star program that provides upfront rebates of up to $ 3,000 for specific energy-efficient improvements in homes, such as installing energy-efficient appliances or duct sealing, insulation or new windows or doors. A Gold Star program would entitle people to up to $ 8,000 when they conduct comprehensive energy audits and implement measures that reduce energy use throughout their homes by more than 20 percent.
Cash for Caulkers and rules
To stop fraud, Cash for Caulkers is requiring a certain amount of projects to be inspected and requires licensing for all contractors. The Silver Star program provides upfront rebates for renovations such as insulation, improved windows and doors and water heaters at the time of purchase. The credit can be used for up to $ 1500 per improvement and is capped at $ 3,000 or at least fifty percent of the total cost. Following an energy audit, the Gold Star program will provide $ 3,000 for energy savings of at least 20 percent, with an additional $ 1,000 for every additional 5 percent energy savings. This will be capped at $ 8,000 or fifty percent of the project.
Cash for Caulkers home energy audit
Found on the web will be Cash for Caulkers details and requirements for the Gold Star home energy program. A home energy auditor will help you decide if you can save money and how you can do that more efficiently. Five minutes and the your last 12 months of utility bills are all it takes for a do-it-yourself home energy audit using energystar.gov. More energy savings will be delivered by a professional home energy auditor. A professional home energy auditor uses a whole bunch of different equipment such as blower doors, which measure the rate heating or cooling escapes the home, and infrared cameras, which reveal hard-to-detect areas of air infiltration and missing insulation.
Economic Impact of Cash for Caulkers
Now that it has passed the House, Cash for Caulkers 2010 moves to the Senate. CBS News reports that the Senate will likely attach Cash for Caulkers to the next jobs bill. Advocates for the bill argue it will create 168,000 jobs. They also estimate that 3 million households could take advantage of its programs, saving $ 9.2 billion in home energy costs over 10-years. They said it would create 168,000 jobs. The Cash for Caulkers bill would approve $ 600 million over two years for grants to states for replacing older mobile homes with newer, more energy efficient models.
Article Resources
CBS News reports
http://www.cbsnews.com/stories/2010/05/06/politics/main6467175.shtml
energy audit
http://www.energysavers.gov/your_home/energy_audits/index.cfm/mytopic=11160
energystar.gov
http://www.energystar.gov/index.cfm?c=home_improvement.hm_improvement_audits