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Dec 18

Obama’s Cash For Caulkers Yields Cash

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President Obama’s Cash For Caulkers Program will accomplish a variety of exciting objectives.  Under the proposed legislation, homeowners will join the fight to reduce energy consumption, a good thing.  Homeowners will receive cash for their green initiatives, a good thing.  Struggling contractors will increase sales and start to add jobs, a very good thing.  And, the United States can expect a cut in the country’s reliance on foreign oil, another very good thing.

 

Green initiatives at home and at the workplace are being received with more and more enthusiasm.  Obama is determined to address the rising unemployment and the Cash For Caulkers program could well help.  The country’s import-export balance will also benefit as 50% of our imports are energy based.

 

The details of the program are not finalized.  Speculation is that the program will resemble the New York State energy-efficiency program and add components from the other 27 states that have similar plans.  Chances are good that the program will actually be administered by the states agencies that are currently using energy reward programs.

 

Basically, the owner hires an energy-approved contractor who performs a survey of all appliances, insulation, heating, cooling and window systems.  The contractor enters the information into a computer that generates an energy consumption and savings report.  The homeowner can see how much energy can be saved by various enhancements and then decides which improvements can be afforded.

 

Once the contractor and homeowners agree upon the work to be performed and the price for the improvements, the owner hires the contractor.  At the conclusion of work,. The owner pays the contractor who completes forms and sends them to the administering agency.  A check for pre-arranged discounts is sent to the homeowner.  The maximum reward is $30,000.

 

While refinements and clarification are needed to move the bill along, Cash For Caulkers fits well with the administration’s energy commitment.  Investors and homeowners will want to follow this bill’s progress.

 

 

 

 

 

 

 

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