Today, President Obama is traveling to Savannah, GA to outline some of the details of the Home Star program (aka Cash for Caulkers) that Recurve founder Matt Golden has been instrumental in composing.
Obama has previously said that shifting the U.S. toward cleaner, renewable sources of energy and making homes — particularly older houses — more energy-efficient will help accomplish three goals: reducing America’s dependence on foreign energy sources, creating much-needed jobs and saving consumers money on their utility bills.
Under the first level of energy rebates, Silver Star, consumers would be eligible for rebates between $1,000-$1,500 for a variety of home upgrades, including adding insulation, sealing leaky ducts and replacing water heaters, HVAC units, windows, roofing and doors. There would be a maximum rebate of $3,000 per home.
Under the second level, Gold Star, consumers who get home energy audits and then make changes designed to reduce energy costs by at least 20 percent would be eligible for a $3,000 rebate. Additional rebates would be available for savings above 20 percent.
The administration expects household demand for energy upgrades to be boosted once the program is underway, similar to how Cash for Clunkers boosted demand for fuel-efficient vehicles.