54 Million Funds For Renewable Energy Projects

54 Million Funds For Renewable Energy Projects Image
The U.S. Department of Energy (DOE) has announced allocations of more than 54 million in funding from the American Recovery and Reinvestment Act to support energy efficiency and renewable energy projects in Nevada, Rhode Island, Vermont, and Wisconsin. Under DOE's State Energy Program, states and territories have proposed statewide plans that prioritize energy savings, create or retain jobs, increase the use of renewable energy, and reduce greenhouse gas emissions.

The DOE press release continues:


"This funding will provide an important boost for state economies, help to put Americans back to work, and move us toward energy independence," said Secretary Chu. "It reflects our commitment to support innovative state and local strategies to promote energy efficiency and renewable energy while insisting that taxpayer dollars be spent responsibly."

These states and territories are receiving 40% of their total State Energy Program (SEP) funding authorized under the Recovery Act today. They will now have received 50% of their total Recovery Act SEP funding. The initial 10% of total funding was previously available to states to support planning activities; the remaining 50% of funds will be released once they meet reporting, oversight, and accountability milestones required by the Recovery Act.

Activities eligible for State Energy Program funding include energy audits, building retrofits, education and training efforts, transportation programs to increase the use of alternative fuels and hybrid vehicles, and new financing mechanisms to promote energy efficiency and renewable energy investments.

The following states were awarded money under this allocation:

* Nevada - 13.5 million
* Rhode Island - 9.5 million
* Wisconsin - 22.2 million
* Vermont - 8.8 million