Saturday, February 21 2009
The article below shows a quick overview of the stimulus package. It is a condensed version of the thousands of pages which make up the stimulus package.
Stimulus Package Stats
The economic stimulus law contains
billions of dollars for making existing
homes more energy efficient, including:
$5 billion to weatherize houses
of low-income families.
$2.25 billion to retrofit Section 8 housing
with energy-efficient products, including
$250 million for a program to make
HUD-sponsored, low-income housing more efficient.
$2.25 billion to help build and rehabilitate
low-income housing, including the use of
green technologies, under the HOME Investment
$510 million to improve energy efficiency
through Native American housing block grants.
$300 million to the Energy Star program
and to states for matching grants and rebates
to consumers who replace their old appliances
with Energy Star-rated products.
The law also expands the following homeowner programs:
The Existing Homes Tax Credit
increases from 10% to 30% for the
cost of energy-efficient windows, HVAC
equipment, and insulation, up to $1,500 per
qualifying household through 2010.
The Investment Tax Credit, a 30% credit for
solar thermal and geothermal installations,
had a cap of $2,000, which has been removed.
Likewise, the law removes the $4,000 cap
on small wind turbines.
Source: Alliance to Save Energy