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Government working on 'Home Star' plan for energy-efficiency rebates


Excerpts from various sites regarding the proposed program. İ recently read a whinatorial on a green site complaining that banks should provide loans for home improvement and not sub-prime mortgages - Kind of silly as the bankers will sell anything to make money but don't expect them to put together the basic package.

This program (Home Star) seems as if it make make something useful (marketable) for the banks while doing good for the average person.
All in all, İ believe that if some of the writers crying about this and that spent their time in a more constructive manner they could come a lot closer to seeing their desires fulfilled.
Updated: 01/24/2010 10:47:22 PM PST

Hoping to capitalize on the success of the federal government's Energy Star label for appliances, the White House and business officials are pushing a new program dubbed "Home Star," which would give property owners rebates and other incentives to weatherize their homes and make other improvements to cut their energy use.
HOME STAR would launch a national “Cash for Caulkers” effort to jump start demand for retrofitting homes through improved air sealing and insulation, advanced building materials, and state-of-the-art appliances. This HOME STAR program can put America back to work, even as it brings us together around common goals.

HOME STAR is proposed new legislation to create jobs in existing industries by providing strong short-term incentives for energy efficiency improvements in residential buildings. The program will move quickly, with a minimum of red tape, and will act as a bridge to long-term market development of existing industries. This initiative establishes a $6 billion rebate program to encourage immediate investment in energy-efficient appliances, building mechanical systems and insulation, and whole-home energy efficiency retrofits. HOME STAR will rapidly create jobs in both construction and manufacturing, while saving families money on their energy bills. It will build on current state programs and existing industry capacity for performing both retrofits and quality assurance, using federal standards and incentives as a common platform to lower program costs and increase consumer awareness.

To get up to $2,000 in tax credits for an energy efficiency retrofit, a homeowner needs to do at least two approved improvements and work with contractors that meet certain 'basic standards,' said Golden, adding that Home Star is designed to fit with the EPA's Home Performance EnergyStar standards and state programs.

The gold level involves having a building's energy 'performance' rated by contractors accredited by the Building Performance Institute. The more stringent performance goals, which could reduce a building's energy consumption on the order of 20 percent, would be eligible for up to $4,000 of tax credits, according to the description on the EfficiencyFirst Web site.

post #2 of 2
"This program (Home Star) seems as if it make make something useful (marketable) for the banks while doing good for the average person." Theoretically is not always equivalent to the reality.... But appreciate it.....good luck
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