Homeowners are being offered rebates from $ 3,000 to $ 8,000 for energy-efficient improvements to their homes because of Cash for Caulkers 2010, also known as the Home Star bill. The Cash for Caulkers 2010 bill, which was passed on Thursday, will dole out $ 5.7 billion over two years for a program aimed to stimulate the construction industry, which has been severely gutted by the recession. Republicans, as usual, were nearly united in opposition to the Cash for Caulkers bill, which nevertheless needs Senate approval before President Obama can sign it.
Details in Cash for Caulkers
Homeowners won't need instant cash loans for thousands of dollars in energy saving home improvements with Cash for Caulkers 2010. The name of the bill is word-play inspired by the 2009 Cash for Clunkers bill that encouraged car buyers to get rid of their gas hogs. CBS News reports that Cash for Caulkers information contain two programs: First there is the Silver Star program providing upfront rebates of up to $ 3,000 for specific energy-efficient improvements in homes, like installing energy-efficient appliances or duct sealing, insulation or new windows. A Gold Star program would entitle many different individuals to up to $ 8,000 when they conduct comprehensive energy audits and implement measures that reduce energy use throughout their homes by at least 20 percent.
Cash for Caulkers rules
To prevent fraud, Cash for Caulkers rules require licensing for all participating contractors and a certain percentage of projects will be inspected. The Silver Star program has upfront rebates at the time of purchase on numerous different renovations. There is a credit worth up to $ 1500 per improvement and is capped at $ 3,000 or fifty percent of the total cost. Following an energy audit, the Gold Star program can provide at least $ 3,000 for energy savings of 20 percent, with an added $ 1,000 for each additional 5 percent energy savings. This could be capped at $ 8,000 or fifty percent of the cost.
Cash for Caulkers home energy audit
Found on the web can be Cash for Caulkers details and needs for the Gold Star home energy program. A home energy auditor will help you determine if you can save money and the way you can do that more efficiently. Five minutes and also the your last 12 months of utility bills are all it takes for a do-it-yourself home energy audit using energystar.gov. A professional home energy auditor will tell you more energy savings. A professional home energy auditor can be using a variety of equipment more effective for testing like 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
Cash for Caulkers moves to the Senate now that it has passed in the house. It is likely that the Senate will attach the Cash for Caulkers with the next jobs bill according to CBS news. Advocates for the bill argue it will create 168,000 jobs. They also believe 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.
Sources for the article
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
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