The new $789 billion stimulus plan has added provisions designed to help promote energy-efficient investments in homes and tax Incentives to encourage energy savings and create green jobs.
Some of the benefits include:
- Providing $5 Billion for energy efficient improvements for more than one million modest-income homes through weatherization. Some estimate that this could help save an average of $350 a year on heating and air conditioning bills.
- Extending and expand tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation.
- Provide more than $30 billion for energy initiatives
- Expanding tax credit for plug in hybrids
- Funding for Energy Star program offering tax credits to consumers purchasing new, efficient appliances.
- Provide $20 Billion over 10 years Tax Incentives to for energy Savings and Green Jobs by promoting energy-efficient investments.
- permitting businesses that place new renewable energy facilities in service during 2009 and 2010 to claim either a 30 percent investment tax credit.
- increasing clean renewable energy bonds for State and local governments.
- Allotting $500 million for research, labor exchange and job training projects to prepare workers for careers in energy efficiency and renewable energy industries.
The complete list of what is included in the 2009 stimulus plan can be found at Economic Stimulus Package in Detail
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