Home Star Bill (aka "Cash for Caulkers") Update

The Home Star Energy Retrofit Act of 2010 - commonly known as "Cash for Caulkers" - is nearly here. The bill has been passed in the House of Representatives and the Senate has introduced an updated version of the bill. As we wait for final approval, homeowners and contractors need to do their homework. There are 13 types of retrofits eligible for funding and each has unique requirements.

Software Advice
, a website that reviews construction software, has made it really easy to wade through the legalese. In the article, "Cash for Caulkers – The Definitive Guide To The Home Star Energy Retrofit Act of 2010," they break down the 13 retrofits of the bill and provide details on the eligibility requirements and rebate amounts. The details are listed in a table for quick reference.
If you are unfamiliar with the Home Star bill, you should know that it provisions $6 billion for energy-efficient or “green” retrofits. It is expected to fund renovations for 3 million families, create 168,000 new jobs and save consumers $9.2 billion on energy bills over the next 10 years.
The Home Star bill offers two rebate programs, the “Silver Star” program and “Gold Star” program. Under the Silver Star program, homeowners will receive a $1,000 rebate for each retrofit with a maximum amount paid of $3,000 or 50% of the total cost, whichever is lower. Under the Gold Star program, homeowners receive a $3,000 rebate for reducing their total home energy consumption by 20%. Homeowners can receive an additional $1,000 for each additional 5% reduction, up to a total rebate of $8,000 or 50% of the total retrofit cost.