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.
The following table shows why weatherization is likely to be
one of the biggest opportunities in America.
Even though it goes to 2009, the government rarely ever
stops a program:
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.
Brought To You By The Free Money
"Guru Of Government Giveaways" Matthew Lesko

Matthew Lesko has 25 years of experience educating everyone from Fortune 500 companies to average taxpayers about government money programs. Two of his books have been on the New York Times Best Seller Lists. Two have received awards from the American Library Association. He has written over 100 books on the subject. He has written syndicated columns for The New York Times and Good Housekeeping Magazine and has been a regular on hundreds of TV talk shows including Larry King, The Today Show, Jay Leno's Tonight Show, Letterman and Oprah.
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