Economic Stimulus Bill Initiatives for Home Energy Efficiency

A quick update on new initiatives available through the 2009 Economic Recovery Bill recently signed by President Obama (thanks to Enterprise Community Partners for sharing this summary). "The American Recovery and Reinvestment Act of 2009 provides unprecedented funding for building energy retrofits...The bill extends the current law tax credit for improvements to energy-efficient existing homes through 2010. For 2009 and 2010, the bill will increase the amount of tax credit to thirty percent of the amount paid or incurred by the taxpayer for qualified energy efficiency improvements during the taxable year. The bill will also eliminate the property-by-property dollar caps on this tax credit and provide an aggregate $1,500 cap on all property qualifying for the credit." An additional $300 million is available through DOE for states to provide rebates to consumers who replace appliances with Energy Star models. For more information, visit