How can the Cash for Caulkers program help you save on retrofits when you reduce your home’s energy consumption?

Cash for Caulkers is on its way! Earlier this summer the House of Representatives passed the Home Star Energy Retrofit Act of 2010. The bill still needs to be approved by the Senate, but supporters predict it will be approved before the end of the summer.

In the meantime, homeowners need to “do their homework.” The bill offers two rebate programs and each one has unique requirements:

The Silver Star program provides a $1,000 rebate for each retrofit described in the bill.
The maximum amount paid out will be $3,000 or 50% of the total cost, whichever is lower. For example, if a homeowner spends a total of $4,000 on eligible retrofits, they will get $2,000 or 50% back as a rebate. If they spend $8,000 on eligible retrofits, they would only receive $3,000 in rebates instead of $4,000 (which would be 50% of the cost).

To qualify for the Gold Star program, homeowners must reduce their total home energy consumption by 20%. A $3,000 rebate will be rewarded for this reduction. Homeowners can receive an additional $1,000 for each additional 5% reduction, up to a total rebate of $8,000 or 50% of the total retrofit cost. Rebates may be provided for any of the retrofits listed under the Silver Star program, or for any other energy-saving measure, including: home energy management systems, high-efficiency appliances, highly reflective roofing, awnings, canopies, and similar external fenestration (window) attachments, automatic boiler water temperature controllers, energy-efficient wood products, insulated vinyl siding, and mechanical air circulation and heat exchangers in a passive-solar home.

The Home Star bill also outlines 13 different types of retrofits eligible for funding. Again, each one has unique requirements and rebate amounts. Fortunately there are many online resources that provide details. For example, Estimating Software Advice has created an easy-to-read table that lists the 13 retrofits, along with their eligibility details:

Find out what Cash for Caulkers projects will earn you a rebate for retrofitting your home for more efficient energy consumption
Click here to continue reading their report!
And thanks to Houston of Software Advice for sharing this. I’ve been thinking of some energy improvements I’d like to do to my house – maybe I’ll take care of those this fall!

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