Feb 15

Obama seeks billions for home energy retrofits.

Obama seeks billions for home energy retrofits.

Obama seeks billions for home energy retrofits

Obama seeks billions for home energy retrofits

In his $3.8 trillion budget for 2013, President Obama called Monday for $6 billion to expand home energy retrofits and $1 billion to promote electrical vehicles and build manufacturing innovation institutes.

His budget makes another attempt at the Home Star program, which would give homeowners rebates for efficiency upgrades such as adding insulation, sealing ducts and installing efficient water heaters, heating units, windows and doors. Obama proposed the idea. once dubbed “cash for caulkers” in 2010, and while Home Star passed the House of Representatives, it never received final congressional approval.

“While Home Star is unlikely to make it through Congress (this year) due to its price tag, we hope something more modest might be able to move forward,” said Steven Nadel, executive director of the American Council for an Energy-Efficient Economy. He notes that the Department of Energy’s Office of Energy Efficiency and Renewable Energy is up 47% compared with this year.

Overall, the Department of Energy is one of the budget winners. Its $27.2 billion budget request represents an increase of at least 3%. Included is a 29% increase for renewable energy. To offset this spending, the White House proposes to eliminate $4 billion in annual incentives for oil and gas companies.

To meet overall spending caps, Obama’s budget cuts funding for several departments or agencies. Among them is the Environmental Protection Agency. Its request of $8.3 billion is $105 million below its 2012 spending level.

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