The Federal government and President Barack Obama are gathering support from contractors, retailers and homeowners to make its “Cash for Caulkers” program an energy savings success.
The President is on a campaign trail, so to speak, to push the government’s initiative for less energy usage by earmarking $23 million in a push for efficient windows, doors, and weatherization home improvements.
The Federal government already has in place 30 percent tax credits up to $1,500 for qualifying improvements, of which some ENERGY STAR rated windows, doors and insulation currently qualify.
Analysts believe the push for more green jobs will work if all groups receive incentives to make home improvements. Consumers will need a nudge to go green, retailers will need larger inventories to provide the products, and contractors will follow with higher levels of employment to complete the tasks to make the program work.
The Bureau of Labor Statistics estimates that nearly 1.6 million construction jobs have been lost since 2006. These skilled workers are the target for creating jobs through the Cash for Caulkers program.
That is why the President is speaking on the subject, most recently today at a Home Depot in northern Virginia.
Tags: Cash for Caulkers, construction jobs, consumers, contractors, Federal Government, green jobs, home improvements, Homestar, President Barack Obama, retailers