Weatherization for Homes
The U.S. Government is dispersing $5 billion in funding from the stimulus plan in order to fund weatherization work on homes occupied by low-income families, as well as tax incentives for all eligible homeowners. Here’s what residential and commercial contractors need to know:
- The environmental goal of the stimulus is to reduce America’s energy consumption. To learn about the details of the program, visit the Weatherization Assistance Program (WAP).
- According to the U.S. Department of Energy, weatherization work can lower an average home’s energy bills by approximately $350 per year. Visit WAP’s website for additional benefits.
- Do you want to learn more about weatherization and how you can make a difference in a family’s home? The WAP offers training opportunities, conferences and seminars for contractors.
- Consult with your tax advisor and visit the ENERGY STAR® Web site to see how you can be eligible for tax credits.
- Learn more about Energy Star products available at Lowe’s
- Twenty to thirty million families are eligible to take part in the project, according to the U.S. Department of Energy.
- The plan was put into place to achieve two primary economic goals: To provide work for home improvement contractors and to create additional spending in low-income communities.
- Funding will also go to provide tax incentives for families above the poverty threshold who purchase and install items to weatherize their home. Find out which Lowe’s products are available for tax credits.
