Obama Proposes Up To $3000 in Home Energy Rebates
Even before the recession, spending money to improve home energy efficiency was not a top priority for Americans. But now with stubbornly high unemployment and the economic situation, it has been pushed even farther down the todo list. Attempting to address both issues, President Barack Obama announced a plan to offer Americans a new home energy rebate program covering everything from insulation to complete energy retrofits.
Homeowners will be able to choose what efficiency updates make the most sense for them. For some, this will mean replacing an energy hog water heater with a more efficient unit. For others, the solution might be better insulation or duct sealing. Consumers making simple upgrades like these would be eligible for rebates between $1,000 and $1500. Homeowners prepared to invest in a more comprehensive change leading to a 20 percent energy savings would be eligible for the full $3000 rebate. The rebate program is intended to also create much needed jobs – especially in the deeply hurting construction/manufacturing sectors.
Cash to save money on energy and more jobs – a glimmer of hope for millions of Americans.