Tuesday, February 14, 2012

Obama Budget Calls for $6B in Home Energy Retrofits

President Obama is calling for $6 billion in his 2013 budget to expand home energy retrofits. Obama unveiled his $3.8 trillion budget for 2013 on Monday.

The home energy retrofit allocation aims to revive Obama’s Home Star program, which passed the House of Representatives in 2010 but never won over final congressional approval. The Home Star program would grant home owners rebates for efficiency upgrades, including sealing ducts, installing efficient water heaters and heating units, windows, doors, and adding insulation. The program was previously dubbed “cash for caulkers.”

Still, some are skeptical the full $6 billion will win final approval. "While Home Star is unlikely to make it through Congress (this year) due to its price tag, we hope something more modest might be able to move forward," Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, told USA Today.

Source: “Obama Seeks Billions for Home Energy Retrofits, EVs,” USA Today (Feb. 13, 2012)

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