Key Elements
With unemployment in the construction sector near 25% and with substantial underutilized capacity in our manufacturing sector, the HOMESTAR program will jumpstart our economic recovery by boosting demand for energy efficiency products and installation services. For middle-class families, this program will help them save hundreds of dollars a year in energy costs while improving the comfort and value of their most important investment – their homes. In addition, the Cash for Caulkers program will help reduce our economy’s dependence on oil and support the development of an energy efficiency services sector in our economy.
Rebates are delivered directly to consumers: Like the
Cash for Clunkers program, homeowners would be eligible for direct
HOMESTAR rebates at the point of sale for a variety of energy-saving
investments in their homes. From small independent building material
dealers, large national home improvement chains, energy efficiency
installation professionals and utility energy efficiency programs
(including rural utilities), these vendors market the rebates, provide
them directly to consumers and then be reimbursed by the federal
government.With unemployment in the construction sector near 25% and with substantial underutilized capacity in our manufacturing sector, the HOMESTAR program will jumpstart our economic recovery by boosting demand for energy efficiency products and installation services. For middle-class families, this program will help them save hundreds of dollars a year in energy costs while improving the comfort and value of their most important investment – their homes. In addition, the Cash for Caulkers program will help reduce our economy’s dependence on oil and support the development of an energy efficiency services sector in our economy.
How much will homeowners save with this energy efficiency program?
The home energy efficiency program expects to save homeowners between $200 - $500 per year in energy costs, while improving the comfort and value of their homes.