Jennifer Kaplan takes a look at how small businesses can have a big impact on the economy and why it is to their advantage to go green.

President Barack Obama proposed a new rebate program on Tuesday to reward homeowners for making their homes more energy efficient, while also proposing additional federal investments in energy efficiency and renewable energy. As part of a speech about jobs and the economy at the Brookings Institution in Washington, D.C., the president noted that home energy retrofits create jobs, save money for families, and reduce the pollution that threatens our environment.

Workers in “green” buildings more productive than those in traditional structures. They take less sick leave and prodiuctivity increases. The study looks at whether the upfront costs outweigh those benefits?

I see three green job conversations going on right now in the country, which causes confusion for most job seekers. I first must caution to watch out for all of the hype.

This country’s 130 million homes together generate more than 20% of the nation’s carbon dioxide greenhouse gas emissions. This is one of the most significant contributing sources in the country to global warming. Existing techniques and technologies in energy efficiency retrofitting can reduce home energy use by up to 40 percent per home on average which would also lower our national greenhouse gas emissions by 160 million metric tons annually by the year 2020. In addition doing so would reduce home energy bills by $21 billion a year and over time these savings would more than pay for the high up-front costs for energy efficiency retrofitting.

The average American produces three times the amount of CO2 emissions as a person in France. A U.S. journalist now living in Europe explains how she learned to love her clothesline and sweating in summer.

Retrofitting 50 million buildings in the United States, about 40 percent of the building stock, by 2020 to make them energy efficient would create 625,000 permanent jobs, John Podesta, CEO of the Center for American Progress, told CNBC. “There’s probably a $500 billion investment that’s needed, but the vast majority has to come from the private sector,” Podesta added. “The government has a role to play in orienting policy toward getting the financing right.”

Greenopia recently released a comprehensive ranking of 50 governors in the US and compared their policies, transparency, and interest group ratings to determine which governors were eco-leaders and reveals which state governments are most dedicated to preserving the environment. Topping the list is Governor Bill Ritter of Colorado followed closely by Governor Arnold Schwarzenegger of California.

The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) recently selected 33 Colorado community leaders to participate in its 2009 Executive Energy Leadership program (Energy Execs). The leadership program is focused on educating business and government leaders about clean energy solutions that can boost the local economy. The six-month leadership program gives executives from Colorado-based businesses, government entities, universities, and economic development and non-profit organizations an in-depth look at solar and wind power, biofuels and transportation, and energy efficient building technologies. Briefings by technology experts, research laboratory tours and visits to field applications are part of the monthly classroom experience.