The Cash for Caulkers Program: It Pays to Go Green

By Stephan Lacombe

Intuitive Surgical Hits $393!

The Hoffman Brothers called ISRG at $152 and it ran to $393 for a 158% gain! See what the Hoffman Bros recommend you buy NEXT.

Stephan PicAs part of his larger spending plan, President Obama introduced a new proposal last week that would reimburse homeowners who purchase energy-efficient appliances and insulation. The new scheme is intended to stimulate the economy and reduce the energy bills of those who take full advantage of it by 20%.

Exact details of the new program weren’t elaborated on, but according to a source involved in writing the bill, homeowners may be eligible for a 50% rebate on qualified purchases, potentially coming out to a maximum of $12,000. At the moment, income remains an irrelevant factor in determining how much a household is able to receive.

Many questions remain unanswered about the proposed program expected to cost nearly $10 billion: how will it be administered, and how will it be protected from swindlers who may take advantage of these newly available funds?

Readers who liked this also enjoyed these posts:

A More Honest Look at TIME Person of the Year Ben Bernanke

Characteristics of Some High Frequency Trading Algorithms

More on this topic (What's this?)
Quote of the Day — Obama’s Tragic Flaw
Obama, the Comedian
GE CEO Immelt Gets Pissy About China, Obama
Read more on Obama's Presidential Policy at Wikinvest


Sharing Is Cool

Looking for Profits? Wall St. Cheat Sheet Premium subscribers have been crushing the markets with winning stock picks and a professional navigator in the hot gold and silver sectors. Let our team of professionals give you their best investing and trading ideas:

Click here now for your FREE trial to any of our acclaimed newsletters

Learn More

blog comments powered by Disqus

This post was written by:

Stephan Lacombe - who has written 1 posts on Wall St. Cheat Sheet.


Contact the author







Advert

Share Your Thoughts

Did you or will you take a vacation this summer?

View Results

Loading ... Loading ...