Heard of the new “CASH FOR CAULKERS” program the Obama administration is proposing? Also known as The Home Star Program, if approved by Congress it will offer rebates of $1,000 to $1,500, or 50% of the cost, for simple upgrades, such as windows and insulation, duct sealing, and energy-efficient water heaters, for a maximum of $3,000 per home.
Job creation could be a big selling point with Congress. It’s been estimated the program could create 168,000 jobs in construction and related industries. (Andersen Windows refilled 600 positions because of increased demand last year driven by a $1,500 energy tax credit, says Jim Humphrey, CEO of Andersen, which currently employs 10,000 people.)
The concept is based on the popular “Cash for Clunkers” program, which helped spur auto sales last year. While we’re awaiting word on congressional approval, you might want to check out sites like Flex Your Power or EnergySavvy.com for current rebates available. This may be the year to get some of those home upgrades done for greater energy efficiency. As President Obama says, “Insulation is sexy!”