May 03, 2010

Economic Impacts of the HOME STAR Program

The economic impacts of the HOME STAR home retrofitting program were examined by ClimateWorks with the assistance of a 50-state macroeconomic model provided by REMI. The HOME STAR program consisted of $6 billion in subsidies over a two-year period that would allocate funds in either a prescription-based or performance-based scenario. This study assessed that 168,000 jobs would be created in numerous sectors, with the largest increases coming to the sectors with higher unemployment. It was also discovered that this HOME STAR program would result in the reduction of 4 million tons of carbon dioxide equivalent emissions per year compared to business as usual.

ClimateWorks – Economic Impacts of the HOME STAR Program [full PDF]