To: Wharf Rat who wrote (182225 ) 12/8/2009 5:28:25 PM From: Wharf Rat Respond to of 362360 Cash for Caulkers could seal $12,000 a home Under President's proposal, homeowners would be reimbursed for energy-efficient appliances and insulation. Last Updated: December 8, 2009: 4:49 PM ET 8 weird ways to save the Earth Geoengineering, or deliberately tinkering with the earth's climate, could help if global warming proves disastrous for mankind, but the ideas are untested and the risks unknown. Take a wharf rat to lunch View photos NEW YORK (CNNMoney.com) -- President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy. The administration didn't provide immediate details, but said it would work with Congress on crafting legislation. Steve Nadel, director at the American Council for an Energy-Efficient Economy, who's helping write the bill, said a homeowner could receive up to $12,000 in rebates. "We know [it] creates jobs, saves money for families, and reduces the pollution that threatens our environment," Obama said when announcing the overall spending plan, which also includes money for small businesses, renewable energy manufacturing, and infrastructure. "With additional resources, in areas like advanced manufacturing of wind turbines and solar panels, for instance, we can help turn good ideas into good private-sector jobs," said the President. The energy component contains two parts: money for homeowners for efficiency projects, and money for companies in the renewable energy and efficiency space. The plan will likely create a new program where private contractors conduct home energy audits, buy the necessary gear and install it, according to a staffer on the Senate Energy Committee and Nadel at the American Council for an Energy-Efficient Economy. Big-ticket items like air conditioners, heating systems, washing machines, refrigerators, windows and insulation would likely be covered, Nadel saidmoney.cnn.com