Jim Humphrey, chairman and chief executive officer of Andersen Corporation, shares his thoughts about the federal Home Star program in a segment on the FOX Business channel. President Obama announced today a series of rebates for people making energy-efficient improvements to their homes.
“Not only is the Home Star program creating jobs for manufacturers, but the main thing is that the renovated homes will be energy efficient,” said Humphrey.
Under the Home Star program, people buying insulation, water heaters, or other energy-saving equipment will receive a rebate of between $1,000 and $1,500.
Although the economy has made it difficult for people to renovate their homes, energy-efficient renovations have the potential to save people hundreds of dollars a year in energy costs.
“We know in our windows that the properly installed windows can save as much as 70% of energy costs during the winter and 40% during the summer. The payback would be extremely beneficial in a short period of time,” said Humphrey.
In 2009, Andersen helped develop Project ReEnergize, a program that provided rebates to homeowners for energy efficiency upgrades. The Minnesota project served as an example for the federal Home Star project.
You can watch a video of Humphrey’s appearance below. USA Today also interviewed Humphrey for an article about the Home Star program in today’s paper.
