What is HOME STAR?
HOME STAR is a proposed federal program that would provide direct incentives to American homeowners who invest in improving the energy efficiency of their homes. The basic structure of the HOME STAR program was developed by an ad hoc committee of private sector advisors, with strong participation by Efficiency First. Silicon Valley venture capitalist John Doerr presented the program at a meeting of President's Economic Recovery Advisory Board (PERAB) on Nov. 2, 2009, and the plan is now under consideration by the White House. On January 27, 2010, during his State of the Union address, President Obama addressed the urgent need for a jobs bill stating:
We should put more Americans to work building clean energy facilities, and give rebates to Americans who make their homes more energy efficient, which supports clean energy jobs.
As outlined in a memo that was formally endorsed by PERAB members on Dec. 4, HOME STAR would reimburse homeowners for residential energy upgrades such as air sealing, insulation, new light bulbs and new appliances. Homeowners would be eligible to receive up to $2,000 for implementing at least two upgrades from a list of qualifying measures, or up to $3,500 for at least four qualifying measures. Higher incentives would be available to homeowners who achieve energy savings of at least 20 percent. Weatherization projects that reduce energy consumption by 20 percent would be eligible to receive up to $4,000 in incentive money, plus $1,500 for every additional 5 percent reduction in energy consumption. The Times also notes that all HOME STAR incentives would be capped at 50 percent of project costs, and a percentage of projects would be audited to ensure that the improvements perform as expected. |