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White House Releases More Details on Energy Retrofit Incentives

The energy retrofit program “Homestar”, first mentioned in the President’s State of the Union address and later referred to as “Cash for Caulkers,” has now evolved into a proposal that would provide work for unemployed contractors and offer homeowners up to $3,000 to insulate their houses, replace their leaky doors and windows, replace their old water heaters and roofs, and generally cut down on their consumption of energy. As it stands now, the Homestar program will offer rebates to consumers at the point of sale, to be paid by independent building material dealers, home improvement chains, contractor/installers and utility companies, all of whom would seek reimbursement from the federal government. The White House plan must ultimately be approved by Congress, which will also set the funding and duration of the program.