Posts Tagged 'cash for caulkers'

House Approves $6 Billion Home Star Program

The U.S. House of Representatives announced their passing of the Home Star program bill, also known as ‘Cash for Caulkers,’ earlier this month. Hopefully, this will pass the Senate soon, as it will be a huge boost for the building & remodeling industry.

From CNN Money, May 6, 2010:

House lawmakers on Thursday approved a $6 billion measure that aims to provide rebates to homeowners who invest in energy efficiency improvements — but not without a fight from Republicans.

The bill, officially known as the Home Star Energy Retrofit Act but better known as “cash for caulkers,” has been touted by President Obama since December as one of the signature pieces of his administration’s larger job-creation strategy.

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.”

You can read the rest of the story here: “House approves $6 billion ‘cash for caulkers’

For more information on the Home Star program, here is a fact sheet from the White House website.

President Obama promises both jobs and energy savings from Homestar rebate program

On March 2, 2010, ProSales magazine posted a news article about the new “cash for caulkers” program that was first mentioned back in January. This program will be similar to “cash for clunkers” in that it will be a direct rebate program to homeowners, and also will be an extension of the energy-efficient incentives already being offered by the government. “The plan generated favorable but cautious support from building material dealers’ national trade group, which has been working hard to make certain the program benefits independent dealers.”

As reported by ProSales magazine, “President Obama wants the program, dubbed “Cash for Caulkers” and first mentioned in his January State of the Union address, included in a jobs package being drafted by Congress. The administration hopes the incentives will boost demand for building products such as insulation, energy-efficient windows, and roofing in the same way car sales skyrocketed last year when consumers were offered rebates for trading in their gas-guzzling autos for more fuel-friendly models. The White House says the program would create “tens of thousands” of jobs, cut energy bills for families by $200 to $500 per year, and reduce the nation’s dependence on oil. Administration officials are still working with Congress on details…”

Read more of the ProSales article “Obama Touts ‘Cash for Caulkers’ Energy-Efficient Retrofit Rebates

Additional link for the White House Fact Sheet: http://www.whitehouse.gov/the-press-office/fact-sheet-homestar-energy-efficiency-retrofit-program

NLBMDA Others Urge the U.S. Senate to Help Delay EPA Lead Rule

In related news, on March 8, 2010 industry leaders announced that they are seeking a delay in implementation of the new EPA Lead Rule because it is clear that EPA already cannot ensure enough certified renovators will be available for compliance with the LRRP by the deadline of April 22, 2010. They are connecting this with the proposed implementation of the Homestar program since retrofitting pre-1978 homes will certainly be part of those renovations.

You can read the full letter that has been composed to be sent to the Senate committee here.

National Lumber will continue to follow developments of these urgent issues and keep you informed.


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