President Obama Unveils Homestar Plan For Replacement Windows
Posted by Bradley Chazin on Mon, Mar 15, 2010
What Is The Homestar Plan?
If the government passes Homestar into law, it will mean rebates will be available for Replacement Windows and doors. The Homestar Plan is also known as Cash for Caulkers. President Obama is trying to create jobs by encouraging American families to invest in energy saving home improvements like replacement windows and doors.
How Much Money Is In The Homestar Plan?
Earlier this month the plan was said to carry a $6 billion dollar price tag. The Homestar Plan includes Silver Star rebates up to $1,500 for doing home improvements such as Replacement Windows and doors or a maximum of $3,000 per home for a combination of energy saving home improvements.
Is there Financing for Home Improvements Under The Homestar Plan?
The White House plan calls for support to State governments to provide financing for consumers looking to make energy efficient home improvements like Replacement Windows.
How Does The Homestar Plan Create Jobs?
President Obama in his speech when announcing the Homestar Plan said, "here's one of the best things about energy efficiency", "It turns out that energy-efficient windows or insulation, those things are products that are almost exclusively manufactured right here in the United States of America".
How Will We Pay For The Homestar Plan?
President Obama went on to say when discussing the cost of the Homestar Program, "just like a responsible homeowner will invest in their homes in the near term to fortify their economic security in the long term, we've got to do the same as a country. It will have some costs on the front end-you buy a new boiler, or you get some insulation, or you get some new windows, that's going to have an initial cost, and the same is true from a government perspective. And it’s going to be politically difficult to do some of this, but it’s what’s right to plan for our future."
The Homestar Plan Bottom Line
The Homestar Plan will help put Americans back to work and will help American families save money on their monthly energy bill.