Riding on the recent success of the Cash for Clunkers program that gave U.S. consumers an incentive to replace their gas-guzzling cars with fuel-efficient ones, the president is considering a program that would encourage Americans to improve the energy efficiency of their homes.

John Doerr, a venture capitalist with Kleiner Perkins Caulfield & Byers, proposed creating a Cash for Caulkers program to encourage Americans to improve their homes’ efficiency. Doerr made the suggestion at Monday morning’s meeting of the President’s Economic Recovery Advisory Board (PERAB).

In addition to creating energy savings, Doerr suggested that retrofitting more than 100 million American homes would also create “high-wage, permanent jobs that will not be out-sourced.”

“Just as the Cash for Clunkers program mobilized American car dealers to promote their fuel-efficient cars, so could a Cash for Caulkers program engage private enterprise, such as Lowe’s and Home Depot, to put private capital to work,” Doerr said.

Read the full article here: http://www.politicsdaily.com/2009/11/02/cash-for-caulkers-program-infrastructure-bank-proposed/