"Cash for Caulkers" on the Horizon?

"Cash for Caulkers" on the Horizon?

Stephanie Kinnear
Dec 10, 2009

Those of us who weren't able to take advantage of the Cash for Clunkers program earlier this year may still have a chance to get our hands on some dough. If you've been thinking about weatherizing your home or investing in energy-efficient appliances, you might want to keep your eyes out for Obama's proposed Cash for Caulkers program.

The program, which Obama announced on Tuesday as part of a larger plan to stimulate the economy, would reimburse homeowners for energy-efficient appliances and insulation. The hope is that "Cash for Caulkers" would help the environment by encouraging people to make their homes more energy efficient, stimulate the economy by boosting sales at home improvement and appliance stores, and create jobs in the green sector.

As part of the program, money will also go to companies in the renewable energy and energy-efficiency industries.

Experts are estimating that homeowners could receive up to $12,000 in rebates.

What do you think? Will you take advantage of Cash for Clunkers when/if it passes?

Read more about the proposed plan here.

(Image: Flickr member busybeytheelder licensed for use under Creative Commons)

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