Dec
20
2009

Earn money, save money
Earn money, save moneyCourtesy Achim Hering

Obama's Home Depot speech

We are wasting money when heat is lost from our homes.
What would happen if economic stimulus money was used to improve the energy efficiency of our homes?

Benefits of improving energy efficiency

  • Economic boost ($20 billion cash flow)
  • Money saved on energy bills ($1k - $3k improvement / home X 5 million homes = $3.3 billion saved / yr on energy bills)
  • Jobs creation (600,000 to 850,000 new jobs - contractors, suppliers, and inspectors)

Weatherization legislation pending

Lawmakers recently have begun pushing to offer weatherization incentives immediately as a way to create 600,000 to 850,000 new jobs.

Lane Wesley Burt, manager of building energy policy for the Natural Resources Defense Council, said the program could be set up as a government rebate administered by certified contractors that would shave the money from a homeowner's bill when the work was completed. The contractor then would apply to the government for reimbursement of the incentive, similar to how auto dealers administered cash-for-clunkers rebates.

Learn more about possible weatherization incentives

Source: Los Angeles Times
Obama pushes home improvement to create jobs, save energy

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