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June 2010 Press & Charter

House Approves $6 Billion Cash For Caulkers


The act "is a common-sense bill that will create jobs, save consumers money, and strengthen our economy," President Obama said after the House passed the measure. "We have workers eager to do new installations and renovations, and factories ready to produce new energy-efficient building supplies."

House Speaker Nancy Pelosi, D-Calif., estimates that the legislation will create nearly 168,000 jobs in construction, manufacturing, and retail.

The House vote simply authorizes the creation of the program; it does not appropriate the funds needed to run it. The Senate is expected to take up the legislation this summer and determine how to pay for the program, which is likely to be controversial.

How will homeowners cash in?

The bill would fund rebates of as much as 50%, up to $3,000, for energy-saving efforts such as insulation improvements and the replacement of windows, doors, heating and cooling systems. The installations will have to be completed by qualified contractors.

Homeowners that choose to make improvements on their own will receive rebates of up to 50%, to a maximum of $250, on air sealing and insulation products.

The bill also includes reimbursements for those who conduct comprehensive energy audits and reduce their home's total consumption. Homeowners who trim their energy usage by at least 20% can receive up to $8,000 in rebates.

Pelosi said that the bill will cut energy bills by up to $500 a year for some 3 million families.

The bill will also distribute $600 million to states for grants to help mobile homeowners replace pre-1976 models with energy-efficient ones.

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