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Cash for caulkers

 
With signs that the economy is starting to improve, it seems President Obama has now turned his attention towards creating jobs.

As part of a three-part plan to create jobs, it seems the president is showing some love to the building industry. If you liked the $8,000 tax credit for first time home-buyers, you’re going to love the “Cash for Caulkers” program.

According to early reports, the program would give homeowners $12,000 to insulate their homes and or make it more energy efficient through home improvements or installing newer, more energy efficient, appliances.

The Cash for Caulkers is expected to not only help homeowners save money on utility bills, but help them cut down on their carbon-footprint while also helping create building and manufacturing jobs.

From the White House:
* New incentives for consumers who invest in energy efficient retrofits in their homes. Smart, targeted investments in energy efficiency can help create jobs while improving our energy security and saving consumers money. The President today called on Congress to consider a new program to provide rebates for consumers who make energy efficiency retrofits. Such a program will harness the power of the private sector to help drive consumers to make cost-saving investments in their homes.

 * Expansion of successful oversubscribed Recovery Act programs to leverage private investment in energy efficiency and create clean energy manufacturing jobs. The Recovery Act included historic investments that have helped to build the foundation for a clean energy economy. The Administration supports expanding programs for which additional federal dollars will leverage private investment and create jobs quickly, such as industrial energy efficiency investments and tax incentives for investing in renewable manufacturing facilities in the U.S.

 



 

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