Home Star Energy Retrofit Act

[flip_it_fast]

The Home Star Energy Retrofit Act passed the house with a vote of vote of 246 to 161. This legislation will give rebates and loans for home enrgy efficient improvements.

“Utility bills are the second highest cost of home ownership today, exceeded only by the mortgage payment. The Home Star bill will lower homeowners’ monthly utility bills and also create jobs, stimulate domestic manufacturing, and strengthen U.S. energy security,” said Rep. Levin. “Providing up-front rebates to consumers to increase their homes’ energy efficiency is one of the most effective steps we can take to create jobs, save energy, and help homeowners save money.”

They expect this new program to help those who choose to take advantage of it (an estimated 3 million American families) to save $9 billion dollars in 10 years.

Here is how the rebates are to go-

Silver Star – This path provides in-store rebates for specific energy-saving investments, including insulation, duct sealing, furnaces, windows and doors, air sealing and water heaters. Homeowners receive up to $1,500 per measure, with a rebate not exceeding $3,000 or 50 percent of the total project cost.
Gold Star – This performance path rewards homeowners who conduct a comprehensive energy audit and implement a variety of measures to reduce energy use. Consumers receive $3,000 for a demonstrated savings of 20 percent, plus an additional $1,000 for each additional 5 percent energy savings with a maximum rebate of $8,000.

This is a pretty decent program from the sounds of it. Something I will look into. I just purchased a new stove and if I am not mistaken it is more energy efficient so maybe I will qualify for a rebate.

[Eyeofngt]

I will have to check into this one. Anything to help with the costs is worth it!! Mine is so high and they know youhave to pay it no matter what else gets paid it has to be and the bad thing is they know it.

[troubles74]

It is about time that the government stepped in and did something to help out with the utility companies.They have had us by the balls for a long time now.

I knew that this would happen when Obama started making changes,it was in his plan,I do like that part of his plan,but I do not like him.

I think that he is going to do more damage than good to the economy in the long run,though I hope and pray not.

We will see before it is all said and done.