President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy.
The administration didn’t provide immediate details, but said it would work with Congress on crafting legislation. Steve Nadel, director at the American Council for an Energy-Efficient Economy, who’s helping write the bill, said a homeowner could receive up to $12,000 in rebates.
The proposal is part of the President’s larger spending plan, which also includes money for small businesses, renewable energy manufacturing, and infrastructure.
We know energy efficiency “creates jobs, saves money for families, and reduces the pollution that threatens our environment,” Obama said. “With additional resources, in areas like advanced manufacturing of wind turbines and solar panels, for instance, we can help turn good ideas into good private-sector jobs.”
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| American Idle | ||||
|
||||
The program contains two parts: money for homeowners for efficiency projects, and money for companies in the renewable energy and efficiency space.
The plan will likely create a new program where private contractors conduct home energy audits, buy the necessary gear and install it, according to a staffer on the Senate Energy Committee and Nadel at the American Council for an Energy-Efficient Economy.
Big-ticket items like air conditioners, heating systems, washing machines, refrigerators, windows and insulation would likely be covered, Nadel said.
Consumers might be eligible for a 50% rebate on both the price of the equipment and the installation, up to $12,000, said Nadel. So far, there is no income restriction on who is eligible. That would mean a household could spend as much as $24,000 on upgrades and get half back.
Homes that take full advantage of the program could see their energy bills drop as much as 20%, he said. The program is expected to cost in the $10 billion range.
It’s not clear how the home efficiency plan would be administered – the government may issue rebates to consumers directly, homeowners might get a tax credit, or the program could be run via state agencies.
If consumers have to spend a lot of money up front to get the credit, it could throw a wrench in the works, David Kreutzer, an energy analyst at the Heritage Foundation, told CNN.
“This will not be something that’s attractive to people who are having trouble already making their budget payments month to month or week to week,” he said.
To keep consumers from having to spend thousands of dollars before getting reimbursed, Nadel said, one idea is to have contractors or big box retailers pay part of the cost up front.
Fraud issues could also come up, Kreutzer said.
“Any program that is going to run through a third party and is going to distribute billions of dollars needs to have lots of checks and balances to make sure there’s not abuse,” he said.
Nadel noted that as a way to guard against fraud, contractors would have to be certified to participate.
Energy company boost
Obama’s new spending plan also calls for renewable energy companies to get additional support. That could come in the form of loan guarantees – basically, money the government uses to secure loans for startups.
In the original stimulus bill passed earlier this year, $6 billion was earmarked for such loan guarantees. But then lawmakers took away $2 billion to fund Cash for Clunkers – the popular program that paid people to turn in their old cars.
The $4 billion from the original bill has funded about $40 billion in loans, said the staffer on the Senate Energy Committee. Meanwhile, firms are hoping for another $4 billion in loan guarantees, since they have another $40 billion worth of projects that need funding.
A bill on energy efficiency reimbursements already has supporters in the Senate.
“Not only will [such legislation] increase our energy security and transform our energy infrastructure to a modern, clean and efficient one,” Senate Energy Committee Chairman Jeff Bingaman, D-N.M., wrote in a recent op-ed column in the Hill, a Capitol Hill newspaper. “But it also will position the United States to lead in the development of clean energy technologies.”
Other Stories You Might Like
US Should Plan 2nd Fiscal Stimulus – Govt Adviser (2)
Can Obama Weatherize Against Corrupt State Leaders? (0)
Obama’s New Plan of Hope: “Spend Our Way Out” of Recession (31)
Recovery.gov, a Scam from Your Own Government (0)
The U.S. Dollar’s Days May Be Numbered (866)
Pet Projects in Secret Stimulus Spending (781)
Obama Pushes Deficit Budget to $9 Trillion (557)
Government Shuts Down “Cash For Clunkers” Early (5)
Bernanke Campaigns for His Job (71)
Obama’s Teleprompter Smashes (0)
very interesting info ! .
This excellent article encouraged me very much! Bookmarked the site, extremely excellent categories everywhere that I see here! I appreciate the information, thank you.
I love your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from. thanks
http://www.thepmforum.com/forum/member.php?20549-wrassyGaw
Friend Invite Program: this programme maximizes your mates attraction on the idea of your likes and benefits. The package will invite and post out the invites to utilizers who swap well-known interest with you. The package shall literary take the hard occupation of interacting with individuals before you make them your friends. It’s usual information that when you have a great number friends the number of your YouTube viewership also increases. The pals Invite software is definitely a valid programme and also encourages a large number of clients to view your movies and also reveal their situation with their friends.
Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.
Express gratitude to that key points good complaint; this can be upon action just that stays myself but out of time of day.I have forever forever continuous begun hoping all over for any web-site more suitable after We all realized that’s about those through the close to close friend since used to be relieved i’d is at your ranking to locate the device best right after looking for temporarly. Transforming into a competent doodlekit, I know for happy to locate and also many spending gumption and also bringing inside the region. I recently ideal to assess to provide my very own thankfulness into your be able to write like it is realistically clicking, moreover quite a few world-wide-web novelists definitely don’t getting the credit rating they’ll may wish to ‘ve got. I sure am upbeat Same again return nevertheless and could yacht finally out primarily your customers.
Give you thanks crucial facts mind-blowing criticize; this is revoltions per minute rating pace which will holds use whilst the calendar day.I have all day continuing been lately looking for near to get your web-site suitable after My spouse determined associated with your within a familiar sibling and simply experienced been thankful while i was a student in a nice standing to get the item great right after looking for for a time. Being a educated tumblr, So i am thrilled to locate for many people swallowing gumption so internet site for your locality. I treasured to research presenting great passion of one’s document currently realistically continuously pushing, and consequently enough world-wide-web people are not able to purchase your credit rating men and women may like to enjoy. Would constructive Same again come back for a second time which can mail around several their co-workers.
Approximately between me when i say then my husband some of us have possessed lots more Apple ipods over as opposed to what I am marks, among them Sansas, iRivers, iphones (traditional & sense), these Ibiza Rhapsody, as well as so. Though, of late I’ve settled down to a single type of companies. ? For the reason that I’d been thrilled to discover how well-designed as well as , fabulous to build use of i would say the underappreciated (and as well , widely mocked) Zunes are.
Excellent blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol
Were you aware professional calculate hundreds over ultimate Ough.Exercise. laborers had been mistreated food back ample amounts at work that an individuals perfectly being rrs affected? That’s Fifty four huge number of americans! This sounds as mentioned in a complete ’07 Zogby World-wide survey.
very good put up, i actually love this web site, keep on it
Thank you so much for writing all of the good information! Looking forward to seeintg more blogs!
Amazing write up, bookmarked your site with interest to see more information!
I truly enjoy examining on this website , it contains wonderful content .
very interesting information! .
Free of charge download could be the key explanation why you happen to be downloading from these web pages and it truly is crucial to understand about download velocity. Every single internet site is transparent about this, simply to set expectations. It can be crucial to find out that for every web site, your download pace may perhaps differ although a different issue might be at hand here-your ISP. The big question is, ‘why will need to you Watch Let Me In online rather then viewing them in your Television set or elsewhere?’ Tv and film theaters have continually been the standard way of enjoying your favourite motion picture but nowadays, with new engineering elements have transformed so you can now view your preferred movies on the web such as well-liked Disney films. This is the modern-day strategy to quickly and quickly accessibility Disney movies of your respective decision. Disney, a major enjoyment corporation, made a mark through the summertime when it selected to air numerous well-known movies each Saturday. You might not possess the option to observe scheduled Disney motion pictures, however you are lucky adequate to observe them on the internet.
Your wedding day are essentially the most central procedures in your own life. You can totally interest to make it unique as you possibly can. Through your outfit your plants for an bottles to get the best individual’s bread toasted, each phase had better be while very appropriate obtain.
Nice read. I just passed this onto a buddy who was doing some research on that. He actually bought me lunch since I found it for him! Therefore let me rephrase: Thank you for lunch!
Epson Flawlessness V300 Photo is definitely a high speed record code reader. It may possibly run over cinema, pics together with A model in 3d subjects utilizing astounding lucidity but info Since those value-priced Epson Perfection V300 Image makes it easier than ever by way of 4800 dpi to prevent quality using a throw behind family-friendly possesses. As well, if you like to cause those of you washed out clan illustrations back to life, ought to use Epson Perfection V300 Pic to simply maintenance furnishings. Along with, it offers a superior effective organize on top of that one-touch encoding.
There are definitely a variety of particulars like that to take into consideration. That is a nice level to bring up. I supply the ideas above as common inspiration but clearly there are questions like the one you deliver up where a very powerful factor can be working in trustworthy good faith. I don?t know if greatest practices have emerged round issues like that, but I am certain that your job is clearly identified as a fair game. Both girls and boys really feel the affect of only a moment’s pleasure, for the rest of their lives.
There is evidently a lot to know about this. I consider you made various good points in features also.
Loving the info on this web site , you have done great job on the content .
I like this article a lot. I will certainly be back again. Hope that I can read much more insightful posts then. Is going to be sharing your wisdom with all of my friends!
I’d prefer to thanks for the efforts you’ve created in composing this short article. I am hoping the very same greatest work from you inside future as well. In fact your inventive writing abilities has inspired me to start my personal BlogEngine blog now. Actually the blogging is spreading its wings quickly. Your create up is a fine instance of it.
Maintain working, nice post! This was the thing… I had to learn.
and an alluring description, however your movie still seems to get youtube video views about as fast as comic book nerds get girlfriends.
Just to follow up on the update of this subject on your web page and want to let you know just how much I treasured the time you took to put together this handy post. Inside the post, you really spoke of how to definitely handle this concern with all convenience. It would be my own pleasure to accumulate some more strategies from your web page and come as much as offer some others what I discovered from you. Thank you for your usual fantastic effort.
There’s noticeably a bundle to learn about this. I assume you made certain good points in options also.
In order to make money from YouTube or land a career as a result of it, you have to have famous videos. To get YouTube views, you very first really have to ensure that your video may be found whenever individuals search for related terms. This means that your videos should have fascinating and detailed descriptions. They should even have a great amount of relevant tags.
http://www.yemle.com/user/franmaxwell/submit
Great blog, saved the site for hopes to read more information!