MoneyWise :: Energy savers may get rebates

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Released: March 03, 2010

Energy savers may get rebates

Source: Julie Schmit, USA Today

President Obama on Tuesday revealed details of a program to boost the energy efficiency of the nation’s homes, create jobs and cut energy bills.

The Home Star program, which needs congressional approval, envisions rebates of $1,000 to $1,500, or 50% of the cost, for simple upgrades, such as windows and insulation, for a maximum of $3,000 per home.

Or, consumers could get a $3,000 rebate for a home-energy retrofit that cuts use by 20%. If more is cut, rebates could go up.

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