H. R. Bill 5019, aka “Cash For Caulkers”

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

H. R. Bill 5019, aka “Cash For Caulkers”

In May the House of Representatives passed H. R. 5019 officially titled as the Home Star Energy Retrofit Act of 2010 aka “Cash For Caulkers”.  The goal of  “Cash For Caulkers” is to create jobs, save energy, and lower families' energy bills. Home Star will restart the assembly lines at factories that manufacture energy efficiency technologies and will put construction workers back on the job installing these improvements in the homes of millions of American families.

This bill has not passed in the Senate but supporters believe it will do so this summer.  You can read the entire bill here.

This is great news for homeowners and contractors alike. The bill provisions $6 billion for energy-efficient or “green” retrofits. It is expected to fund renovations for 3 million families, create 168,000 new jobs and save consumers $9.2 billion on energy bills over the next 10 years.

In order to cash in on upcoming rebates, homeowners and contractors will need to do their homework. There are 13 types of retrofits eligible for funding. Each retrofit has unique eligibility requirements and set rebate amounts. You can read the full text here.

What is Home Star?

Home Star is designed to spur home energy retrofits by providing rebates to homeowners who install energy-saving products, such as insulation, windows, doors, and heating systems. Home Star includes two tracks to provide long and short-term benefits.

The Silver Star program will provide up-front rebates for the installation of specific energy-saving technologies, including insulation, duct sealing, windows and doors, air sealing, and water heaters. Homeowners will be able to receive up to $3,000 in rebates under Silver Star.

The Gold Star program rewards homeowners who conduct a comprehensive energy audit and implement a full complement of measures to reduce energy use throughout the home. Consumers will receive $3,000, or half the cost, for measures that reduce energy use by 20 percent, and can receive up to $8,000 when additional energy savings are achieved.

Why Home Star?

Home Star is expected to allow 3 million families to retrofit their homes to be more energy efficient. Consumers are predicted to save $9.2 billion on their energy bills over the next 10 years as a result of Home Star's energy efficiency investments. And, Home Star will create 168,000 new jobs here in the United States. Construction jobs cannot be outsourced and more than 90 percent of energy efficiency technologies are manufactured here in America.

Here are additional green features articles that may interest you.

As always, your thoughts, questions, or comments are greatly appreciated.

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"Carolina Joe" Idleman

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