Matthew Lesko - Mr Info

5 Billion Made Available for Home Weatherizing
 
WASHINGTON – States will soon be distributing more than $5 billion to help people winterize their homes under an economic stimulus set-side for homeowners and green contractors.
 
The Department of Energy (DOE) is distributing the money to states, which will then make funds available to low-income households, particularly those with elderly residents, people with disabilities, and families with children. An additional $3 billion has been given to state energy programs.  The funds will also provide some badly-needed money for small business contractors who provide weatherization services.
 
“Not only will homeowners benefit, but the home weatherization set-aside is likely to be the one of the biggest boons for small businesses under the Recovery Act,” says Information USA founder and popular author Matthew Lesko, who tracks federal and state money programs on his website leskobooks.com
 
“It is unlikely that there will be any other business opportunity that is guaranteed to grow over 2000% in the next decade. The application process can be tricky, so it’s important to know how to apply and what to say, who to call and when to get in line. Aside from that, this is essentially free money for projects that will continue to provide savings for people every month.” 
 
The State Energy Program provides rebates to consumers for home energy audits or other energy-saving improvements; develops renewable energy and alternative fuel projects; promotes Energy Star products; upgrades the energy efficiency of state and local government buildings; and other innovative state efforts to help families save money on their energy bills.
 
The Weatherization Assistance Program (WAP) was created in 1976 to assist low-income families who lacked resources to invest in energy efficiency. WAP is operated in all 50 states, the District of Columbia, Native American tribes, and U.S. Territories. Funds are used to improve the energy efficiency of low-income homes using the most advanced technologies and testing protocols available in the housing industry. Source: http://www.waptac.org/si.asp?id=1244
 
The following table shows why weatherization is likely to be one of the biggest opportunities in America: 

Weatherization Program Increases  2008  2009
 Amount of Money Available       $227 Million  $5 Billion
 Family Income Eligibility     $33,000      $44,000
 Average Spent Per Household  $2,500      $6,500
 Number of Homes Weatherized  150,000/yr     1,000,000/yr
 Number of Home Inspectors Needed  1,000  3,000
 Total Number of Jobs Needed  11,000  125,000


 “This is a win-win program,” says Lesko. “Not only do low-income households get a hefty return on the investment through lower energy bills, but home-improvement contractors get badly-needed jobs and the nation reduces its dependence on foreign oil. At the same time, health and safety risks associated with poorly insulated homes can be cut dramatically.”
 
Since it was launched 30 years ago, the program has helped weatherized more than 6.2 million homes. An estimated 100,000 homes will be weatherized with DOE funds this year alone, with an average savings of $350 in the first year alone in heating costs. IN all, every $1 spent on weatherization returns $2.73 in energy and non-energy related benefits, according to the DOE.
 
The program also creates 73 new jobs for every $1 million invested
 
For a state-by-state breakdown of where the money is going and expert advice on using the program, visit the Government Money Club for membership.
 

Limited time left on the Money Club 30 day trial...

The $19.95 limited trial of my free government money club will be expiring soon . If you weren't sure about an online membership or if the money club can help you, now is the time to act at this low cost introduction. Once inside you'll find all types of leads to programs to help you change your life. http://www.leskobooks.com/moneyclub.htm 

 

 [ Matthew Lesko ] [ About Lesko ] [  Free Money Press Statements ] [ Government Grant Testimonials ] [ Question About Programs ]
Small Business Finance and Money Free Government Money Government Grants No Business Grants? Cash For Women Map  Real Estate Money

Other Government Money Topics: Health Mental Business General-Help Housing Jobs  Finance Education  Legal  Kids

 

Subscribe to Matthew Lesko's Newsletter
Plain text    HTML      Subscribe     Unsubscribe

Free  EBook
© Copyright  Information USA/ Lesko