Homeowners could get thousands of dollars — possibly up to $12,000 — from a program proposed by President Obama last week that's been nicknamed "Cash for Caulkers."

The president didn't go into details, but advisers on the legislation say it should be ready for Congress to look at in January and could offer rebates up to 50 percent for "energy retrofits" to conserve fuel.

These are some home improvements that might be included:

  • Caulking and insulation
  • Duct repair
  • A new furnace
  • New air conditioning
  • New windows

The President's Economic Recovery Advisory Board says the hope is to cut household-energy use by 10 percent to 40 percent and reinvigorate the construction trades.