Thursday, March 4, 2010

President Obama's "HomeStar" Program

President Obama has revealed his latest plan to make the US greener and stimulate the economy. Obama's plan is known as "HomeStar," after the famous Energy Star program used to grade energy efficient appliances.

Similar to the "Cash for Clunkers" program, the HomeStar program offers government rebates' of up to $3,000 for energy conserving home renovations or retrofits.

On Tuesday, Obama called on Congress to pass the administration's proposal for energy efficient home retrofits. If passed by lawmakers, the program is expected to cost about $6 billion and entice as many as 3 million homeowners to participate. The Energy Department has its own program but it targets a different demographic than the HomeStar program.

The HomeStar program will make America more efficient, lower consumers' energy bills, create green jobs and reduce the nation's dependence on foreign energy. Despite strong headwinds, the President is remaining true to his ambitious program for a sustainable future.

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